Form 4: California Water Service Group VP Disposes Shares for Tax Obligations
Insider Transaction Report
Greg A. Milleman, VP of Rates and Regulatory Affairs at California Water Service Group, reported the disposition of 64 shares of common stock to satisfy tax withholding obligations related to a restricted stock award.
Summary
- Greg A. Milleman, VP, Rates and Regulatory Aff at California Water Service Group (CWT), reported a transaction on June 5, 2025.
- The transaction involved the disposition of 64 shares of CWT common stock.
- These shares were withheld by the issuer to satisfy tax withholding obligations arising from the vesting of Restricted Stock Award #817.
- The shares were disposed of at a price of $45.85 per share.
- Following this transaction, Mr. Milleman beneficially owns 11,396.06 shares of common stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares for tax withholding purposes upon vesting of restricted stock, which is a neutral event from an operational or strategic perspective. It does not indicate positive or negative sentiment towards the company's performance or outlook.
Negatives
- Disposition of 64 shares of common stock, reducing the direct beneficial ownership of the reporting person.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This specific Form 4 filing, detailing a routine insider transaction for tax purposes, does not provide broader insights into industry trends or competitive dynamics within the water utility sector. It is a standard compliance disclosure.
Stakeholder Impact
- Shareholders: The transaction is a routine insider filing and is unlikely to have a material impact on the company's share price or shareholder value due to its small size and nature (tax withholding).
Key Dates
| Date | Description |
|---|---|
| 06/05/2025 | Date of transaction (disposition of shares). |
| 06/09/2025 | Date the Form 4 was signed by the reporting person. |
Keywords
California Water Service Group, CWT, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Greg A. Milleman, Corporate Governance
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