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

Thomas A. Scanlon, Controller & Principal Accounting Officer at California Water Service Group, reported the disposition of 23 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Thomas A. Scanlon, Controller & Principal Accounting Officer of California Water Service Group (CWT), filed a Form 4.
• On June 7, 2025, Mr. Scanlon disposed of 23 shares of CWT common stock.
• The shares were disposed of at a price of $45.62 per share.
• This transaction was identified as a disposition to the issuer to satisfy tax withholding obligations arising from a Restricted Stock Award (RSA).
• Following this transaction, Mr. Scanlon beneficially owns 4,008.31 shares of CWT common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations related to a restricted stock award, which is a neutral event from an investment perspective. It does not indicate a change in management's view of the company's prospects.

Negatives

• A small reduction in direct beneficial ownership by a key officer, though for a routine tax purpose.

Future Outlook

N/A This document is a report of a past insider transaction and does not contain forward-looking statements or guidance.

Industry Context

N/A This specific Form 4 filing reports a routine insider transaction for tax purposes and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a small, routine transaction for tax purposes by an officer.
• Employees: The underlying Restricted Stock Award (RSA) is a form of employee compensation, which generally has a positive impact on employee retention and alignment of interests.

Key Dates

Keywords

California Water Service Group, CWT, Thomas A. Scanlon, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Corporate Officer