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 58 shares of common stock on June 1, 2024, to cover tax withholding obligations related to vesting of restricted stock.
Summary
- On June 1, 2024, Michelle R. Mortensen, VP, Corp Sec & Chief of Staff of California Water Service Group, disposed of 58 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting of a Restricted Stock Award (RSA).
- The price per share was $0 for the transaction.
- Following the transaction, Mortensen beneficially owns 9,516.8 shares of California Water Service Group common stock, which includes shares acquired through dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders and officers to report changes in their beneficial ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of transaction: Michelle R. Mortensen disposed of shares to cover tax obligations. |
| 06/03/2024 | Date of signature on the Form 4 filing. |
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