Form 4: California Water Service Group: Officer Ouyang Reports Stock Transactions

Elissa Y Ouyang, Chief Procurement & Lead CI of California Water Service Group, reports the disposal of 52 shares to cover tax obligations and holdings of 11,455.4 shares of common stock.

Summary

• On September 9, 2024, Elissa Y Ouyang, Chief Procurement & Lead CI of California Water Service Group, disposed of 52 shares of common stock at a price of $54.28.
• This transaction was to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #688.
• Following the transaction, Ouyang beneficially owns 11,455.4 shares of California Water Service Group common stock, which includes shares acquired through the Employee Stock Purchase Plan (ESPP).

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. There is no indication of positive or negative implications for the company's performance.

Positives

• The reporting person continues to hold a significant number of shares in the company (11,455.4 shares), indicating a continued stake in its success.
• Participation in the ESPP shows confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a company officer has disposed of shares to cover tax obligations, which is a common occurrence.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.

Key Dates