CWT VP sells 3,892 shares at $44 each
California Water Service Group Vice President of Operations Michael S. Mares Jr. reported an open-market sale of 3,892 shares of common stock at $44.00 per share.
Sentiment and the balance of points
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Rhea-AI Filing Summary
California Water Service Group Vice President of Operations Michael S. Mares Jr. reported an open-market sale of 3,892 shares of common stock at $44.00 per share. After this transaction, he directly holds 8,524.6 shares. The sale was executed in multiple trades, each at the same price, with details available upon request.
Insights
Routine insider sale of a modest share block with remaining holdings disclosed.
Vice President of Operations Michael S. Mares Jr. executed an open-market sale of 3,892 shares of California Water Service Group common stock at $44.00 per share. The transaction was reported as a standard sale in the non-derivative section, without associated option exercises or derivative activity.
Following the sale, Mares directly holds 8,524.6 shares, indicating he retains an ongoing equity stake in the company. The footnote notes that the sale occurred through multiple transactions, all at the same price, and offers to provide detailed trade breakdowns upon request, which is typical transparency language for insiders.
There is no reference to options, restricted stock, or derivative positions in this report, and no mention of a Rule 10b5-1 trading plan in the provided data. Overall, this appears to be a routine liquidity transaction rather than a structural change in insider ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,892 | $44.00 | $171K |
Footnotes (1)
- F1. The sale of 3,892 shares executed in multiple transactions with share price of $44.00. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or security holder of the issuer full information regarding the number of shares and price at which the transaction was effected.
FAQ
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What insider transaction did CWT report for Michael S. Mares Jr.?
Was the CWT insider transaction a buy or sell by Michael S. Mares Jr.?
Does the CWT Form 4 mention any stock options or derivatives for this insider?
What does the CWT Form 4 footnote say about the insider sale details?
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