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

Michael S. Mares Jr., Vice President of Operations at California Water Service Group, disposed of 65 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Michael S. Mares Jr., Vice President, Operations of California Water Service Group (CWT), filed a Form 4.
• The filing reports a transaction on June 5, 2025, involving the disposition of 65 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 associated with a Restricted Stock Award (RSA) 790.
• Following this transaction, Mr. Mares beneficially owns 11,002.6 shares of common stock directly.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment and does not indicate any significant positive or negative developments for the company.

Future Outlook

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

Industry Context

This is a routine insider transaction filing (Form 4) for a utility company executive. Such filings are common across all industries when executives receive equity compensation and need to cover tax obligations.

Stakeholder Impact

• Shareholders: Minimal to no direct impact as this is a small, routine transaction for tax purposes and does not reflect a discretionary sale or change in management's confidence.

Key Dates

Keywords

California Water Service Group, CWT, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Michael S. Mares Jr.