Form 4: CWT Executive Sells Shares for Tax Obligations
Insider Transaction Report
California Water Service Group's SR. VP, Cust Svc & Chief Sust, Shannon C. Dean, reported the sale of 130 shares of common stock to cover tax liabilities from vested restricted stock awards.
Summary
- Shannon C. Dean, SR. VP, Cust Svc & Chief Sust at California Water Service Group (CWT), reported two transactions involving the disposition of common stock.
- On December 5, 2025, 73 shares of common stock were disposed of at a price of $44.88 per share.
- This disposition was made to satisfy tax withholding obligations arising from the vesting of a Restricted Stock Award (RSA) granted on June 5, 2024.
- On December 7, 2025, an additional 57 shares of common stock were disposed of at the same price of $44.88 per share.
- This second disposition covered tax withholding obligations related to the vesting of an RSA granted on March 7, 2023.
- Following these transactions, Dean beneficially owns 22,166.246 shares of CWT common stock, which includes shares acquired through the Employee Stock Purchase Program.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to tax withholding for vested restricted stock awards, which is a neutral event and does not indicate a change in company fundamentals or insider sentiment.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.
Stakeholder Impact
- Minimal direct impact on shareholders as these are routine tax-related dispositions by an insider, not a discretionary sale indicating a change in confidence.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Grant date of a Restricted Stock Award (RSA) for which shares vested and tax obligations were satisfied. |
| 06/05/2024 | Grant date of a Restricted Stock Award (RSA) for which shares vested and tax obligations were satisfied. |
| 12/05/2025 | Transaction date for the disposition of 73 shares to satisfy tax withholding obligations. |
| 12/07/2025 | Transaction date for the disposition of 57 shares to satisfy tax withholding obligations. |
| 12/09/2025 | Date the Form 4 was signed and filed. |
Recommendation
holdThe Form 4 filing details routine insider transactions for tax withholding purposes related to vested restricted stock awards. These are not discretionary sales indicating a change in sentiment towards the company's prospects, nor do they represent a significant change in the insider's overall beneficial ownership. Therefore, the filing itself does not provide a basis for a change in investment recommendation, maintaining a 'hold' position based solely on this information.
Keywords
CWT, California Water Service Group, Form 4, Insider Transaction, Stock Sale, Restricted Stock Award, Tax Withholding, Shannon C. Dean
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