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

Elissa Y Ouyang, Chief Procurement & Lead CI of California Water Service Group, disposed of 64 shares of common stock valued at $45.85 per share to cover tax withholding obligations related to a restricted stock award.

Summary

• Elissa Y Ouyang, Chief Procurement & Lead CI of California Water Service Group (CWT), reported a disposition of common stock.
• The transaction occurred on June 6, 2025.
• A total of 64 shares were disposed of at a price of $45.85 per share.
• The disposition was made to satisfy tax withholding obligations arising from the vesting of a Restricted Stock Award (RSA) Award #798.
• Following this transaction, Elissa Y Ouyang beneficially owns 13,422.04 shares of California Water Service Group common stock.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate any significant positive or negative sentiment for the company.

Positives

• The transaction indicates the vesting of a Restricted Stock Award, which is a positive event for the employee, Elissa Y Ouyang, as it represents a realization of equity compensation.
• The disposition is a routine and expected event for tax purposes, reflecting standard corporate compensation practices.

Negatives

• No specific negative implications for the company or its stock are indicated by this routine tax-related disposition.

Future Outlook

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

Industry Context

This Form 4 filing reports a routine insider transaction related to equity compensation and does not provide information relevant to broader industry trends or competitor analysis within the water utility sector.

Comparison to Industry Standards

• This document details a standard insider transaction for tax withholding purposes, which is a common practice across all industries for employees receiving equity compensation.
• It does not provide company performance metrics that would allow for a comparison to global benchmarks or specific comparable companies.

Related Party Transactions

• The transaction involves an officer of the company and the company itself for the purpose of satisfying tax obligations related to equity compensation, which is a standard and routine compensation-related transaction rather than an unusual related party dealing.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a routine, non-material insider transaction.
• Employees: The transaction reflects the vesting of equity awards, which is a positive for the employee involved.

Key Dates

Recommendation

Keywords

California Water Service Group, CWT, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Elissa Y Ouyang, Equity Compensation