Form 4: CWT VP Elissa Ouyang Reports Routine Stock Transactions
Insider Transaction Report
California Water Service Group VP Elissa Ouyang reported the withholding of common stock shares to cover tax obligations from vested restricted stock awards.
Summary
- Elissa Y. Ouyang, VP Facilities Fleet & Procure at California Water Service Group (CWT), reported two transactions involving the disposition of common stock.
- On September 5, 2025, 66 shares of common stock were withheld by the issuer at a price of $47.09 per share to satisfy tax withholding obligations related to the vesting of a Restricted Stock Award (RSA) granted on June 5, 2024.
- On September 7, 2025, an additional 52 shares of common stock were withheld by the issuer at a price of $47.09 per share to satisfy tax withholding obligations related to the vesting of an RSA granted on March 7, 2023.
- Following these transactions, Elissa Y. Ouyang beneficially owns 13,522.172 shares of common stock.
- The reported beneficial ownership includes shares acquired through the Employee Stock Purchase Program.
Sentiment
Score: 5
Explanation: The filing reports routine administrative transactions related to executive compensation and tax obligations, which are neutral in terms of company performance or outlook.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing details a routine insider transaction for tax withholding purposes, which is a common occurrence for executives receiving equity compensation. It does not provide insights into broader industry trends or competitive positioning within the water utility sector.
Comparison to Industry Standards
- The withholding of shares to cover tax obligations upon the vesting of restricted stock awards is a standard practice for executive compensation across various industries, including utilities.
- This type of transaction is administrative in nature and does not reflect a discretionary sale or purchase based on the insider's view of the company's prospects, unlike open market transactions.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine administrative transactions related to executive compensation, not a significant change in ownership or company strategy.
- Employees: No direct impact on the broader employee base, as this relates to an individual executive's equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Grant date of a Restricted Stock Award (RSA) to Elissa Y. Ouyang. |
| 06/05/2024 | Grant date of a Restricted Stock Award (RSA) to Elissa Y. Ouyang. |
| 09/05/2025 | Transaction date for withholding 66 shares of common stock for tax obligations related to RSA vesting. |
| 09/07/2025 | Transaction date for withholding 52 shares of common stock for tax obligations related to RSA vesting. |
| 09/09/2025 | Date the Form 4 filing was signed. |
Keywords
CWT, California Water Service Group, Form 4, Insider Transaction, Stock Award, Tax Withholding, Restricted Stock Award
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