Cal Water (NYSE: CWT) VP stock withheld to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
California Water Service Group vice president Greg A. Milleman reported routine tax-related share dispositions tied to restricted stock vesting. On June 4 and June 5, 2026, a total of 133 shares of common stock were withheld and surrendered to the company to satisfy tax withholding obligations from Restricted Stock (RSA) Awards granted in 2024 and 2025.
These F-code transactions are not open-market sales but mechanical tax-withholding dispositions. After these withholdings, Milleman directly holds 13,708.22 shares of common stock, including shares acquired through the Employee Stock Purchase Program.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Milleman Greg A
Role
VP Rates & Regulatory Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 66 | $45.82 | $3K |
| Tax Withholding | Common Stock | 67 | $45.24 | $3K |
Holdings After Transaction:
Common Stock — 13,708.22 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 Includes shares acquired through the Employee Stock Purchase Program (ESPP). 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-withheld shares June 5, 2026: 66 shares at $45.82
Tax-withheld shares June 4, 2026: 67 shares at $45.24
Total tax-withheld shares: 133 shares
+2 more
5 metrics
Tax-withheld shares June 5, 2026
66 shares at $45.82
Code F disposition of common stock to satisfy tax obligations
Tax-withheld shares June 4, 2026
67 shares at $45.24
Code F disposition of common stock to satisfy tax obligations
Total tax-withheld shares
133 shares
Aggregate of June 4 and June 5, 2026 F-code transactions
Post-transaction holdings
13,708.22 shares
Direct ownership after June 5, 2026 tax-withholding disposition
Role of reporting person
VP Rates & Regulatory Affairs
Officer position at California Water Service Group
Key Terms
Restricted Stock (RSA) Award, Employee Stock Purchase Program (ESPP), tax withholding obligations
3 terms
Restricted Stock (RSA) Award financial
"in connection with the vesting of Restricted Stock (RSA) Award granted on March 4,2025"
Employee Stock Purchase Program (ESPP) financial
"Includes shares acquired through the Employee Stock Purchase Program (ESPP)."
tax withholding obligations financial
"to satisfy the tax withholding obligations that arose in connection with the vesting of Restricted Stock (RSA) Award"
FAQ
What did CWT executive Greg A. Milleman report in this Form 4?
Greg A. Milleman reported share dispositions related to tax withholding, not market sales. A total of 133 California Water Service Group common shares were withheld and surrendered to the company to cover taxes triggered by the vesting of prior Restricted Stock (RSA) Awards.
Were any open-market buys or sells of CWT stock reported by Milleman?
No open-market purchases or sales were reported. Both transactions used code F, indicating shares were withheld by the issuer solely to satisfy tax withholding obligations arising from the vesting of Restricted Stock (RSA) Awards previously granted to Greg A. Milleman.