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

California Water Service Group's VP of Operations, Michael S. Mares Jr., disposed of 53 shares of common stock to cover tax withholding obligations related to a restricted stock award.

Summary

• Michael S. Mares Jr., Vice President of Operations at California Water Service Group (CWT), reported a disposition of common stock on June 7, 2025.
• The transaction involved the disposition of 53 shares of CWT common stock at a price of $45.62 per share.
• This disposition was made under transaction code "F", indicating shares were withheld by the issuer to satisfy tax withholding obligations that arose in connection with a Restricted Stock Award (RSA).
• Following this reported transaction, Mr. Mares beneficially owns 10,949.6 shares of CWT common stock directly.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction (disposition for tax withholding) which is neutral in sentiment and does not indicate positive or negative performance or outlook for the company.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation, which is a common practice across various industries for executive remuneration. It does not provide specific insights into broader industry trends or competitive dynamics within the water utility sector.

Key Dates

Keywords

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