Form 4: California Water Service Group: Officer Scanlon Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Thomas A. Scanlon, Controller & Principal Accounting Officer of California Water Service Group, reports disposition of shares to cover tax obligations related to vesting of restricted stock.
Summary
- On June 7, 2024, Thomas A. Scanlon, Controller & Principal Accounting Officer of California Water Service Group, reported a transaction involving common stock.
- 23 shares were disposed of at a price of $47.59 to satisfy tax withholding obligations related to the vesting of Restricted Stock Award #698.
- Following the transaction, Scanlon beneficially owns 3,839.37 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company.
Industry Context
This is a routine Form 4 filing, common for corporate insiders when stock options or restricted stock units vest and shares are sold to cover tax obligations. It doesn't necessarily reflect a change in the officer's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction (disposal of shares for tax withholding). |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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