Form 4: California Water Service Group Officer Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Michelle R. Mortensen, VP, Corp Sec & Chief of Staff of California Water Service Group, disposed of 57 shares of common stock to cover tax obligations related to vesting of restricted stock.
Summary
- On June 7, 2024, Michelle R. Mortensen, VP, Corp Sec & Chief of Staff of California Water Service Group, disposed of 57 shares of common stock.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #687.
- The transaction was executed at a price of $47.59 per share.
- Following the transaction, Mortensen directly owns 11,075.8 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock. This filing indicates a routine transaction to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction (disposal of shares) |
| 06/10/2024 | Date of signature on the Form 4 filing |
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