CWT executive reports restricted stock grant, tax shares

CALIFORNIA WATER SERVICE GROUP senior vice president, general counsel and business development officer Shawn C. Bunting reported equity-compensation activity in company common stock.

Rhea-AI Filing Summary

CALIFORNIA WATER SERVICE GROUP senior vice president, general counsel and business development officer Shawn C. Bunting reported equity-compensation activity in company common stock. On March 3, 2026, he acquired 1,650 restricted shares at $0.00 per share as a grant under the equity incentive plan.

These restricted shares have a one-year cliff term, vesting 100% on the first anniversary of the grant date. On March 4, 2026, 310 shares were disposed of in a tax-withholding transaction at $46.99 per share to satisfy obligations from the vesting of a prior restricted stock award. After these transactions, he directly owned 4,650 shares, which include shares acquired through dividend reinvestment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bunting Shawn C

Role Sr. VP, GC and Business Dev

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	310	$46.99	$15K
Grant/Award	Common Stock	1,650	$0.00	$0.00

Holdings After Transaction: Common Stock — 4,650 shares (Direct)

Footnotes (3)

1. F1. 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.
2. F2. Includes shares acquired through Dividend Reinvestment.
3. F3. 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CWT executive Shawn C. Bunting report?

Shawn C. Bunting reported two equity transactions in California Water Service Group common stock: a grant of 1,650 restricted shares on March 3, 2026, and a disposition of 310 shares on March 4, 2026, to cover tax withholding from a prior restricted stock vesting.

Was the CWT Form 4 transaction a purchase or a sale of shares?

The Form 4 shows an equity grant and a tax-withholding disposition, not an open-market buy or sell. Bunting received 1,650 restricted shares and had 310 shares withheld and surrendered to the issuer to satisfy tax obligations related to an earlier restricted stock award vesting.

How many California Water Service Group shares does Bunting own after these transactions?

After the reported transactions, Bunting directly owned 4,650 shares of California Water Service Group common stock. This total includes shares acquired through the company’s dividend reinvestment program, as noted in the filing footnotes describing the composition of his direct holdings.

What are the vesting terms of the new restricted stock granted to Bunting at CWT?

The restricted stock granted on March 3, 2026 vests on a one-year cliff schedule. According to the disclosure, 100% of the 1,650 restricted shares will vest on the first anniversary of the grant date, under the California Water Service Group equity incentive plan.

Why were 310 CWT shares surrendered in the Form 4 filing?

The 310 shares were withheld and surrendered to California Water Service Group to satisfy tax withholding obligations. These obligations arose when a previously granted restricted stock award vested on March 4, 2025, making this a tax-withholding disposition rather than an open-market sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/05/2026 - 07:58 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bunting Shawn C

(Last) (First) (Middle)

1720 NORTH FIRST STREET

(Street)

SAN JOSE CA 95112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CALIFORNIA WATER SERVICE GROUP [ CWT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, GC and Business Dev

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		A		1,650(1)	A	$0.0	4,960(2)	D
Common Stock	03/04/2026		F		310(3)	D	$46.99	4,650	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. Includes shares acquired through Dividend Reinvestment.

3. 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

	By: /s/ Michelle R. Mortensen For: Shawn C Bunting	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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