Form 4: CWT CEO Kropelnicki Reports Stock Transactions
Insider Transaction Report
California Water Service Group's Chairman, President & CEO, Martin A. Kropelnicki, reported several non-market transactions involving common stock, including tax withholdings and a charitable gift.
Summary
- Martin A. Kropelnicki, Chairman, President & CEO of California Water Service Group (CWT), reported dispositions of common stock.
- On December 5, 2025, 492 shares were withheld and surrendered to the issuer at a price of $44.88 per share to satisfy tax withholding obligations related to a Restricted Stock Award granted on June 5, 2024.
- Also on December 5, 2025, 3,000 shares were gifted to a donor-advised fund, with no reported market price for this transaction.
- On December 7, 2025, an additional 385 shares were withheld and surrendered to the issuer at a price of $44.88 per share for tax withholding obligations from a Restricted Stock Award granted on March 7, 2023.
- Following these transactions, Martin A. Kropelnicki's direct beneficial ownership of common stock decreased from 139,638.75 shares to 136,253.75 shares.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions for tax obligations and charitable giving, which are not indicative of operational performance or strategic shifts for the company.
Stakeholder Impact
- Shareholders: Minor impact due to routine insider dispositions for tax and charitable purposes, not reflecting a change in management's outlook on the company's performance.
Key Dates
| Date | Description |
|---|---|
| 2023-03-07 | Grant date of a Restricted Stock Award (RSA) which led to tax withholding on December 7, 2025. |
| 2024-06-05 | Grant date of a Restricted Stock Award (RSA) which led to tax withholding on December 5, 2025. |
| 2025-12-05 | Transaction date for tax withholding of 492 shares and gift of 3,000 shares. |
| 2025-12-07 | Transaction date for tax withholding of 385 shares. |
| 2025-12-09 | Signature date of the reporting person for the Form 4 filing. |
Keywords
CWT, California Water Service Group, Form 4, Insider Transaction, Martin A. Kropelnicki, Common Stock, Tax Withholding, Charitable Gift
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