California Water Service Group (CWT) grants 446 restricted shares to VP
Rhea-AI Filing Summary
Shimansky Gregory Dale reported acquisition or exercise transactions in this Form 4 filing.
California Water Service Group officer Gregory Dale Shimansky, VP, Rates & Regulatory Affairs, received a grant of 446 shares of restricted common stock on 8/4/2026 under the company's equity incentive plan, at no cash price. The restricted stock award vests one-third on March 3, 2027, with the remaining two-thirds vesting quarterly over the following 24 months. After this grant, Shimansky directly holds 1,311.037 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 446 shares
Net Buy
1 txn
Insider
Shimansky Gregory Dale
Role
VP, Rates & Reg Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 446 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,311.037 shares (Direct)
Footnotes (1)
- F1. Restricted stock granted on 8/4/2026 pursuant to the California Water Service Group equity incentive plan in a transaction exempt under Rule 16-b-3. RSA vests one-third on March 3, 2027 with the remaining 2/3 vesting quarterly over the succeeding 24 months.
Key Figures
Restricted shares granted: 446 shares
Grant price per share: $0.0000 per share
Total shares after grant: 1,311.037 shares
+2 more
5 metrics
Restricted shares granted
446 shares
Restricted common stock granted on 8/4/2026 under equity incentive plan
Grant price per share
$0.0000 per share
Reported transaction price for the restricted stock award
Total shares after grant
1,311.037 shares
Direct holdings of common stock following the reported transaction
Initial vesting date
March 3, 2027
One-third of the restricted stock award vests on this date
Remaining vesting period
24 months
Remaining two-thirds of award vests quarterly over the succeeding 24 months
Key Terms
restricted stock, equity incentive plan, Rule 16-b-3, RSA, +1 more
5 terms
restricted stock financial
"Restricted stock granted on 8/4/2026 pursuant to the California Water Service..."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
equity incentive plan financial
"pursuant to the California Water Service Group equity incentive plan in a transaction..."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Rule 16-b-3 regulatory
"equity incentive plan in a transaction exempt under Rule 16-b-3."
RSA financial
"RSA vests one-third on March 3, 2027 with the remaining 2/3 vesting..."
vesting financial
"RSA vests one-third on March 3, 2027 with the remaining 2/3 vesting quarterly..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did insider Gregory Dale Shimansky report in CWT's latest Form 4?
Shimansky reported receiving a grant of 446 shares of restricted common stock in California Water Service Group on 8/4/2026 under the company's equity incentive plan, increasing his direct holdings to 1,311.037 shares.
Was Shimansky's CWT stock grant part of an equity incentive plan?
Yes. The Form 4 states the restricted stock was granted on 8/4/2026 pursuant to the California Water Service Group equity incentive plan, in a transaction exempt under Rule 16-b-3.
Was Shimansky's CWT Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing's Rule 10b5-1 checkbox is not marked as affirmative, and the footnote describes the event as a restricted stock grant under the equity incentive plan, not as a trade pursuant to a 10b5-1 plan.