Form 4: CWT Controller Reports Routine Stock Dispositions

California Water Service Group's Corporate Controller, Thomas A. Scanlon, reported the disposition of shares to cover tax obligations from vested restricted stock awards.

Summary

• Thomas A. Scanlon, Corporate Controller & PAO of California Water Service Group (CWT), reported two transactions involving the disposition of common stock.
• On December 5, 2025, 29 shares were disposed of at a price of $44.88 per share. This transaction was executed to satisfy tax withholding obligations arising from the vesting of a Restricted Stock Award granted on June 5, 2024.
• On December 7, 2025, an additional 23 shares were disposed of at a price of $44.88 per share. This disposition covered tax withholding obligations related to the vesting of a Restricted Stock Award granted on March 7, 2023.
• Following these reported transactions, Scanlon's direct beneficial ownership stands at 3,975.101 shares of CWT common stock, which includes shares acquired through the Employee Stock Purchase Program.

Sentiment

Score: 5

Explanation: The filing reports routine, non-discretionary transactions related to executive compensation and tax obligations. It has a neutral impact on the company's overall sentiment.

Industry Context

This filing is a routine insider transaction disclosure and does not provide specific insights into broader industry trends for the water utility sector. Such transactions are common for executives receiving equity compensation.

Stakeholder Impact

• Minimal direct impact on shareholders, as these are routine, non-discretionary transactions for tax purposes related to executive compensation.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

California Water Service Group, CWT, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Award, Tax Withholding, Corporate Controller, Thomas A. Scanlon