Form 4: CWT Executive Reports Routine Stock Tax Withholding

California Water Service Group's SR. VP, Shannon C. Dean, reported the withholding of shares to cover tax obligations from vested restricted stock awards.

Summary

• Shannon C. Dean, SR. VP, Customer Service & Chief Sustainability Officer at California Water Service Group (CWT), reported two transactions involving the disposition of common stock.
• On September 5, 2025, 73 shares of common stock were withheld and surrendered to the issuer to satisfy tax withholding obligations related to a Restricted Stock Award (RSA) granted on June 5, 2024.
• On September 7, 2025, an additional 57 shares of common stock were withheld for tax obligations arising from the vesting of an RSA granted on March 7, 2023.
• Both transactions occurred at a price of $47.09 per share.
• Following these transactions, Shannon C. Dean's direct beneficial ownership stands at 22,273.219 shares, which includes shares acquired through the Employee Stock Purchase Program.

Sentiment

Score: 5

Explanation: The filing reports routine, mandatory transactions for tax withholding purposes related to vested equity awards, which is a neutral event for the company's operational or financial performance.

Negatives

• The reporting person's direct beneficial ownership of common stock decreased by a total of 130 shares (73 + 57) due to tax withholdings.

Stakeholder Impact

• Shareholders will observe a minor reduction in the direct beneficial ownership of a senior executive, which is a common occurrence related to equity compensation and tax planning.

Key Dates

Keywords

California Water Service Group, CWT, Shannon C. Dean, Form 4, Insider Transaction, Restricted Stock Award, Tax Withholding, Beneficial Ownership