Form 4: California Water Service Group VP Disposes of Shares for Tax Obligations

Kenneth G. Jenkins, VP of Water Resources Planning & Sustainability at California Water Service Group, disposed of 36 shares of common stock to satisfy tax withholding obligations related to a Restricted Stock Award.

Summary

• The filing reports a transaction by Kenneth G. Jenkins, the Vice President of Water Resources Planning & Sustainability at California Water Service Group (CWT).
• On June 5, 2025, Mr. Jenkins disposed of 36 shares of Common Stock.
• The shares were disposed of at a price of $45.85 per share.
• This disposition was made to satisfy tax withholding obligations that arose in connection with a Restricted Stock Award (RSA).
• Following this transaction, Kenneth G. Jenkins beneficially owns 3,919 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes related to equity compensation, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

The document is a Form 4 filing, which reports insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes related to equity compensation, which is a common occurrence across all industries for executives receiving stock awards. It does not provide broader industry context or trends.

Related Party Transactions

• The transaction involves the disposition of shares by an officer (Kenneth G. Jenkins) to the issuer (California Water Service Group) to satisfy tax withholding obligations related to a Restricted Stock Award, which is a standard related-party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes related to executive compensation, not a sale indicating a change in confidence.
• Employees: No direct impact indicated beyond the executive involved.

Key Dates

Keywords

California Water Service Group, CWT, Kenneth Jenkins, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Award, Tax Withholding