Form 4: California Water Service Group Officer Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Thomas A. Scanlon, Corporate Controller & Officer of California Water Service Group, disposed of 107 shares of common stock to cover tax obligations related to vesting of restricted stock.
Summary
- On March 7, 2024, Thomas A. Scanlon, a Corporate Controller & Officer at California Water Service Group, disposed of 107 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #698.
- The shares were disposed of at a price of $46.24 per share.
- Following the transaction, Scanlon directly owns 2,907 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company officers to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Disposal of 107 shares of common stock. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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