Form 4: CWT Insider Transaction: Thomas A. Scanlon Tax Withholding

California Water Service Group VP and Corporate Controller Thomas A. Scanlon reported the withholding of 60 shares to satisfy tax obligations.

Summary

• Thomas A. Scanlon, VP, Corporate Controller & PAO of California Water Service Group (CWT), executed two transactions involving the withholding of shares for tax purposes.
• On June 4, 2026, 30 shares were withheld at a price of $45.24 per share.
• On June 5, 2026, 30 shares were withheld at a price of $45.82 per share.
• Following these transactions, the reporting person holds 5,723.135 shares of CWT common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative action regarding executive tax obligations rather than a market-moving strategic decision.

Positives

• Transactions were routine tax withholding events related to the vesting of previously granted Restricted Stock Awards.

Negatives

• None.

Risks

• None.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory disclosure for executive compensation and does not reflect a change in corporate strategy or operational performance.

Comparison to Industry Standards

• The transaction follows standard industry practices for executive equity compensation tax management.

Stakeholder Impact

• No material impact on shareholders or other stakeholders.

Next Steps

• None.

Key Dates

Keywords

CWT, California Water Service Group, Insider Trading, Form 4, Tax Withholding, Equity Vesting