California Water VP has 102 shares withheld for tax
Rhea-AI Filing Summary
CALIFORNIA WATER SERVICE GROUP (CWT) reports that officer Kenneth G. Jenkins, Vice President of Water Resources Planning & Sustainability, disposed of common shares back to the issuer to cover tax withholding obligations arising from the vesting of previously granted Restricted Stock (RSA) awards. On September 4, 2026, 64 shares were withheld at a reference value of $50.03 per share, tied to an RSA granted on March 4, 2025, and on September 5, 2026, 38 shares were withheld at $50.03 per share, tied to an RSA granted on June 5, 2024. These are not open-market purchases or sales, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 102 shares
Tax Withholding
2 txns
Insider
Jenkins Kenneth G
Role
VP Water Res Plan & Sustain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 38 | $50.03 | $2K |
| Tax Withholding | Common Stock F1 | 64 | $50.03 | $3K |
Holdings After Transaction:
Common Stock — 5,125.854 shares (Direct)
Footnotes (2)
- F1. Represents the number of shares withheld and surrendered to the issuer to satisfy the tax withholding obligations that arose in connection with the vesting of Restricted Stock (RSA) Award granted on March 4,2025
- F2. Represents the number of shares withheld and surrendered to the issuer to satisfy the tax withholding obligations that arose in connection with the vesting of Restricted Stock (RSA) Award granted on June 5, 2024.
Key Figures
Shares surrendered for tax withholding (September 4, 2026): 64 shares
Shares surrendered for tax withholding (September 5, 2026): 38 shares
Total shares surrendered for tax withholding: 102 shares
+1 more
4 metrics
Shares surrendered for tax withholding (September 4, 2026)
64 shares
Common stock withheld and surrendered to issuer for tax withholding on RSA granted March 4, 2025
Shares surrendered for tax withholding (September 5, 2026)
38 shares
Common stock withheld and surrendered to issuer for tax withholding on RSA granted June 5, 2024
Total shares surrendered for tax withholding
102 shares
Aggregate across both September 4 and 5, 2026 tax-withholding dispositions
Reference price per share for withheld shares
$50.03 per share
Used for both September 4 and 5, 2026 tax-withholding dispositions
Key Terms
Restricted Stock (RSA) Award, tax withholding obligations, withheld and surrendered, Rule 10b5-1
4 terms
Restricted Stock (RSA) Award financial
"in connection with the vesting of Restricted Stock (RSA) Award granted on March 4,2025"
tax withholding obligations financial
"to satisfy the tax withholding obligations that arose in connection with the vesting"
withheld and surrendered financial
"Represents the number of shares withheld and surrendered to the issuer"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these dispositions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transactions did CWT report for Kenneth G. Jenkins in this Form 4?
The filing reports that 102 CWT common shares were withheld and surrendered by Kenneth G. Jenkins to the issuer on September 4 and 5, 2026 to satisfy tax withholding obligations from vesting Restricted Stock (RSA) awards, rather than open-market trading.
Were the CWT Form 4 transactions by Kenneth G. Jenkins open-market sales?
No. Both transactions are coded as F, described as payment of tax liability by delivering or withholding securities. Footnotes state the shares were withheld and surrendered to the issuer to satisfy tax withholding obligations from vesting Restricted Stock (RSA) awards.
What equity awards are linked to the CWT tax-withholding transactions for Kenneth G. Jenkins?
The 64-share withholding on September 4, 2026 relates to a Restricted Stock (RSA) Award granted on March 4, 2025. The 38-share withholding on September 5, 2026 relates to a Restricted Stock (RSA) Award granted on June 5, 2024.
Does the CWT Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating that these tax-withholding dispositions were made under a Rule 10b5-1 or similar pre-arranged trading plan.
What is the role of Kenneth G. Jenkins at California Water Service Group (CWT)?
The Form 4 identifies Kenneth G. Jenkins as an officer of California Water Service Group, holding the title Vice President, Water Resources Planning & Sustainability.
AI-generated analysis. How Rhea-AI works. Not financial advice.