Form 4: CWT Executive's Routine Stock Withholding for Taxes
Insider Transaction Report
Kenneth G. Jenkins, VP of Water Resources Planning & Sustainability at California Water Service Group, reported routine share dispositions for tax obligations.
Summary
- Kenneth G. Jenkins, VP Water Res Plan & Sustain and a Director at California Water Service Group (CWT), reported two transactions involving the disposition of common stock.
- On September 5, 2025, 38 shares of common stock were disposed of at a price of $47.09 per share.
- This disposition was to satisfy tax withholding obligations related to a Restricted Stock Award (RSA) granted on June 5, 2024.
- Following this transaction, Jenkins beneficially owned 3,852 shares directly.
- On September 7, 2025, an additional 29 shares of common stock were disposed of at the same price of $47.09 per share.
- This second disposition also satisfied tax withholding obligations, stemming from an RSA granted on March 7, 2023.
- After both reported transactions, Jenkins' direct beneficial ownership stands at 3,823 shares of common stock.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions for tax withholding purposes, which are neutral in sentiment and do not indicate any positive or negative operational or financial developments for the company.
Industry Context
This Form 4 filing details a routine insider transaction related to equity compensation and tax obligations, which is a common occurrence across all industries, including the utilities sector where California Water Service Group operates. It does not provide specific insights into broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal to no direct impact, as these are routine tax-related dispositions of a small number of shares by an insider, not open market sales indicating a change in sentiment or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2023-03-07 | Grant date of a Restricted Stock Award (RSA) to Kenneth G. Jenkins. |
| 2024-06-05 | Grant date of a Restricted Stock Award (RSA) to Kenneth G. Jenkins. |
| 2025-09-05 | Transaction date for the disposition of 38 shares to satisfy tax withholding obligations related to the RSA granted on June 5, 2024. |
| 2025-09-07 | Transaction date for the disposition of 29 shares to satisfy tax withholding obligations related to the RSA granted on March 7, 2023. |
| 2025-09-09 | Date the Form 4 was filed with the SEC. |
Keywords
California Water Service Group, CWT, Kenneth G. Jenkins, Form 4, Insider Transaction, Restricted Stock Award, Tax Withholding, Equity Compensation
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