Form 4: CWT Insider Sells Shares for Tax Obligations
Statement of Changes in Beneficial Ownership (Form 4)
Michael B. Luu, SVP Corporate Service & Chief Risk Officer at California Water Service Group, reported two dispositions of common stock to cover tax withholding obligations.
Summary
- Michael B. Luu, an SVP and Chief Risk Officer at California Water Service Group (CWT), reported two transactions involving the disposition of common stock.
- On December 5, 2025, 69 shares of common stock were disposed of at a price of $44.88 per share.
- This disposition was to satisfy tax withholding obligations related to the vesting of a Restricted Stock Award (RSA) granted on June 5, 2024.
- Following this transaction, Michael B. Luu beneficially owned 22,664.665 shares of common stock.
- On December 7, 2025, an additional 54 shares of common stock were disposed of at the same price of $44.88 per share.
- This second disposition also satisfied tax withholding obligations, stemming from the vesting of an RSA granted on March 7, 2023.
- After both reported transactions, Michael B. Luu's beneficial ownership of common stock stands at 22,610.665 shares, which includes shares acquired through the Employee Stock Purchase Program.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine insider transaction for tax purposes, not indicative of company performance or management's view on future prospects.
Future Outlook
This filing is a routine report of insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing details specific insider transactions and does not provide information relevant to broader industry trends or competitive analysis within the water utility sector.
Stakeholder Impact
- Minimal direct impact on shareholders as these are routine tax-related dispositions by an insider, not indicative of a change in company fundamentals or management's confidence.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Grant date of Restricted Stock Award (RSA) related to the December 7, 2025 disposition. |
| 06/05/2024 | Grant date of Restricted Stock Award (RSA) related to the December 5, 2025 disposition. |
| 12/05/2025 | Transaction date for the disposition of 69 shares of common stock for tax withholding. |
| 12/07/2025 | Transaction date for the disposition of 54 shares of common stock for tax withholding. |
| 12/09/2025 | Signature date of the Form 4 filing. |
Keywords
California Water Service Group, CWT, Michael B. Luu, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Award, Employee Stock Purchase Program
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