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

Greg A. Milleman, VP of Rates and Regulatory Affairs at California Water Service Group (CWT), disposed of 51 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Greg A. Milleman, the Vice President of Rates and Regulatory Affairs at California Water Service Group (CWT), reported a transaction on June 7, 2025.
• The transaction involved the disposition of 51 shares of CWT Common Stock.
• These shares were surrendered to the issuer at a price of $45.62 per share.
• The purpose of the disposition was to satisfy tax withholding obligations arising from the vesting of Restricted Stock (RSA) Award #686.
• Following this transaction, Mr. Milleman beneficially owns 11,345.06 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares from a restricted stock award, which is a neutral event in terms of company performance or outlook. It reflects a standard part of executive compensation.

Future Outlook

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

Industry Context

This filing is a routine disclosure of an insider transaction, common in the utility sector and other industries, where executives receive equity compensation that vests over time, triggering tax obligations upon vesting.

Stakeholder Impact

• Shareholders: This is a minor, routine transaction by an executive and is unlikely to have a material impact on the company's stock price or shareholder value.
• Employees: The transaction is related to executive compensation, which is a standard practice for incentivizing management.

Key Dates

Keywords

California Water Service Group, CWT, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Executive Compensation, Water Utility