Form 4: California Water Service Group Officer Disposes of Shares for Tax Obligations

Thomas A. Scanlon, Controller & Principal Accounting Officer of California Water Service Group, disposed of 28 shares of common stock to cover tax withholding obligations related to a Restricted Stock Award.

Summary

• Thomas A. Scanlon, the Controller & Principal Accounting Officer of California Water Service Group (CWT), reported a transaction involving the company's common stock.
• On June 5, 2025, Mr. Scanlon disposed of 28 shares of common stock at a price of $45.85 per share.
• This disposal was executed to satisfy tax withholding obligations that arose in connection with a Restricted Stock Award (RSA).
• Following this transaction, Mr. Scanlon beneficially owns 4,031.31 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: The transaction reported is a routine disposal of shares to cover tax obligations related to a restricted stock award, which is a common and expected event for executive compensation and does not indicate any positive or negative operational or financial performance.

Future Outlook

This SEC Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The transaction was executed by Thomas A. Scanlon, Controller & Principal Accounting Officer, as a routine part of executive compensation and tax compliance.

Industry Context

This filing represents a routine insider transaction, specifically the disposal of shares to cover tax obligations arising from a Restricted Stock Award. Such transactions are common across all industries for executives receiving equity-based compensation and do not reflect specific industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The disposal of 28 shares is a negligible amount relative to the company's total outstanding shares and is unlikely to have any material impact on shareholder value or ownership structure.
• Employees: No direct impact on employees is indicated by this routine transaction.
• Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated.

Key Dates

Recommendation

Keywords

California Water Service Group, CWT, Form 4, Insider Transaction, Stock Disposal, Tax Withholding, Restricted Stock Award, Thomas A. Scanlon, Controller, Principal Accounting Officer