Form 4: California Water Service Group: Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael S. Mares, Jr., Vice President of Operations at California Water Service Group, sold shares to cover tax withholding obligations related to a Restricted Stock Award.
Summary
- On March 7, 2025, Michael S. Mares, Jr., Vice President of Operations at California Water Service Group, disposed of 53 shares of common stock.
- The shares were sold at a price of $47.9 per share.
- This transaction was to satisfy tax withholding obligations related to a Restricted Stock Award (RSA).
- Following the transaction, Mares directly owns 11,067.6 shares of California Water Service Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An officer sold shares to cover tax obligations, which is a normal occurrence.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of a small number of shares by an officer is unlikely to have a significant impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: Michael S. Mares, Jr. disposed of shares. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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