Form 4: Executive's Tax Withholding on CWT Stock Vesting
Insider Transaction Report
California Water Service Group executive Shawn C. Bunting reported dispositions of common stock to cover tax obligations from restricted stock award vestings.
Summary
- Shawn C. Bunting, Senior Vice President, General Counsel, and Business Development for California Water Service Group (CWT), reported changes in beneficial ownership.
- 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.
- On December 7, 2025, an additional 45 shares of Common Stock were disposed of at a price of $44.88 per share.
- This second disposition also satisfied tax withholding obligations from the vesting of an RSA granted on March 7, 2023.
- Following these transactions, Shawn C. Bunting directly beneficially owns 3,304 shares of Common Stock.
Sentiment
Score: 5
Explanation: The filing reports routine tax-related dispositions of shares upon restricted stock vesting, which is a neutral event for company performance and does not indicate positive or negative sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This report details a routine insider transaction common in publicly traded companies where executives receive equity compensation. The disposition of shares to cover tax liabilities upon vesting of restricted stock awards is a standard practice and does not typically reflect a change in company strategy or performance.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Grant date of a Restricted Stock Award (RSA) which vested, leading to tax withholding. |
| 06/05/2024 | Grant date of a Restricted Stock Award (RSA) which vested, leading to tax withholding. |
| 12/05/2025 | Transaction date for the disposition of 69 shares to cover tax withholding. |
| 12/07/2025 | Transaction date for the disposition of 45 shares to cover tax withholding. |
| 12/09/2025 | Signature date of the reporting person's representative. |
Recommendation
holdThe filing details routine tax-related dispositions of shares by an executive upon the vesting of restricted stock awards. This type of transaction is common and does not typically indicate a change in the company's fundamentals or the executive's confidence, thus not warranting a change in investment recommendation based solely on this report.
Keywords
California Water Service Group, CWT, Shawn C. Bunting, Form 4, Insider Transaction, Restricted Stock Award, Tax Withholding, Equity Compensation
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