Form 4: CWT Corporate Controller Reports Routine Stock Transactions
Insider Transaction Report
California Water Service Group's Corporate Controller, Thomas A. Scanlon, reported routine share withholdings for tax obligations related to vested Restricted Stock Awards.
Summary
- Thomas A. Scanlon, Corporate Controller & PAO of California Water Service Group (CWT), filed a Form 4 reporting changes in beneficial ownership.
- On September 5, 2025, 29 shares of Common Stock were withheld and surrendered to the issuer at a price of $47.09 per share to satisfy tax withholding obligations from a Restricted Stock Award (RSA) granted on June 5, 2024.
- Following this transaction, Scanlon beneficially owned 4,025.955 shares directly.
- On September 7, 2025, an additional 23 shares of Common Stock were withheld and surrendered to the issuer at a price of $47.09 per share for tax obligations related to an RSA granted on March 7, 2023.
- After both transactions, Scanlon's direct beneficial ownership stands at 4,002.955 shares, which includes shares acquired through the Employee Stock Purchase Program.
Sentiment
Score: 5
Explanation: The filing is neutral as it reports routine, expected insider transactions related to executive compensation and tax obligations, with no material impact on the company's operations or financial outlook.
Positives
- The reported transactions are a result of Restricted Stock Awards (RSAs vesting, indicating compensation for the Corporate Controller, which can align management's interests with shareholders.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This is a routine insider transaction filing and does not provide information relevant to broader industry trends or competitive analysis for the water utility sector.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine, small-scale transactions for tax purposes by an insider.
- Employees: The vesting of Restricted Stock Awards is a positive for the employee (Thomas A. Scanlon) as it represents earned compensation.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Grant date of a Restricted Stock Award (RSA) to Thomas A. Scanlon. |
| 06/05/2024 | Grant date of a Restricted Stock Award (RSA) to Thomas A. Scanlon. |
| 09/05/2025 | Transaction date for withholding 29 shares for tax obligations related to the RSA granted on June 5, 2024. |
| 09/07/2025 | Transaction date for withholding 23 shares for tax obligations related to the RSA granted on March 7, 2023. |
| 09/09/2025 | Signature date of the reporting person for the Form 4 filing. |
Keywords
California Water Service Group, CWT, Form 4, Insider Transaction, Restricted Stock Award, RSA, Stock Withholding, Corporate Controller, Beneficial Ownership
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