California Water (NYSE: CWT) VP surrenders shares for restricted stock tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California Water Service Group vice president Kenneth G. Jenkins reported routine share dispositions related to tax withholding on vested restricted stock awards. On June 4 and 5, he surrendered 63 and 38 shares of common stock, respectively, to cover tax obligations at prices of $45.24 and $45.82 per share.
These transactions were coded as tax-withholding dispositions, not open-market sales, and followed the vesting of Restricted Stock Awards granted in June 2024 and March 2025. After these withholdings, Jenkins directly holds 5,228 shares of California Water Service Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jenkins Kenneth G
Role
VP Water Res Plan & Sustain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 38 | $45.82 | $2K |
| Tax Withholding | Common Stock | 63 | $45.24 | $3K |
Holdings After Transaction:
Common Stock — 5,228 shares (Direct, null)
Footnotes (1)
- 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 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
Tax-withholding shares June 5: 38 shares at $45.82
Tax-withholding shares June 4: 63 shares at $45.24
Total tax-withholding shares: 101 shares
+1 more
4 metrics
Tax-withholding shares June 5
38 shares at $45.82
Common Stock surrendered for tax withholding on June 5, 2026
Tax-withholding shares June 4
63 shares at $45.24
Common Stock surrendered for tax withholding on June 4, 2026
Total tax-withholding shares
101 shares
Total shares withheld across two tax-withholding dispositions
Shares held after transactions
5,228 shares
Direct common stock ownership following tax-withholding dispositions
Key Terms
Restricted Stock (RSA) Award, tax withholding obligations, Common Stock, tax-withholding disposition
4 terms
Restricted Stock (RSA) Award financial
"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"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did CWT executive Kenneth Jenkins report on this Form 4?
Kenneth G. Jenkins reported share dispositions used to pay taxes on vested restricted stock awards. He surrendered a total of 101 California Water Service Group common shares, rather than selling them in the open market, as part of standard equity-compensation tax withholding.
Does this CWT Form 4 show open-market buying or selling by Kenneth Jenkins?
No, the Form 4 shows no open-market purchases or sales by Kenneth Jenkins. Both transactions are coded as tax-withholding dispositions, meaning shares were delivered back to the issuer solely to cover tax liabilities from vesting restricted stock awards.