California Water Service (NYSE: CWT) director receives 2,816-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California Water Service Group director Charles R. Patton received a grant of 2,816 shares of common stock as restricted stock. The grant was made on 3/3/2026 under the company’s equity incentive plan at no cash cost per share.
The restricted stock vests on a one-year cliff schedule, with 100% of the shares vesting on the first anniversary of the grant date. After this award, Patton directly holds a total of 9,062.27 common shares, which includes shares previously acquired through dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patton Charles R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,816 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,062.27 shares (Direct)
Footnotes (1)
- Restricted stock granted on 3/3/2026 pursuant to the California Water Service Group equity incentive plan in a transaction exempt under Rule 16-b-3 vests with a one-year cliff vesting term, vesting 100% on the first anniversary of the grant date. Includes shares acquired through Dividend Reinvestment.
FAQ
What insider transaction did CWT director Charles R. Patton report?
Charles R. Patton reported receiving a grant of 2,816 shares of California Water Service Group common stock. The shares were issued as restricted stock under the company’s equity incentive plan, with no cash purchase price per share and specific vesting conditions attached.
Was Charles R. Patton’s CWT stock award a market purchase or a grant?
The transaction was a stock grant, not a market purchase. Patton received 2,816 restricted shares at a reported price of $0.0000 per share, reflecting an equity incentive award under California Water Service Group’s equity incentive plan rather than an open-market buy.
What type of security did Charles R. Patton receive from California Water Service Group?
He received restricted shares of California Water Service Group common stock. The award consists of 2,816 restricted shares granted under the company’s equity incentive plan, subject to a one-year cliff vesting schedule and the plan’s standard terms and conditions.