California Water (NYSE: CWT) VP reports stock grant and tax withholding moves

Rhea-AI Filing Summary

California Water Service Group executive Thomas A. Scanlon, VP, Corporate Controller & CAO, reported equity compensation activity in company Common Stock. On March 7, 2026, he acquired 548 shares at $0.0000 per share as a grant/award, raising his direct holdings to 6,035.135 shares.

The same Form 4 shows several code F transactions, where 226 shares, 26 shares, and 34 shares at prices of $45.5900 and $45.7800 were withheld and surrendered to the issuer to cover tax obligations on vested Restricted Stock Awards and a Performance Stock Unit award that paid out at 46% of its original goal. After these tax-withholding dispositions, Scanlon directly owns 5,783.135 shares.

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

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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^*

Scanlon Thomas A

(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)
	VP, Corporate Controller & CAO

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		F		34(1)	D	$45.78	5,487.135	D
Common Stock	03/07/2026		A		548(2)	A	$0.0	6,035.135	D
Common Stock	03/07/2026		F		226(3)	D	$45.59	5,809.135	D
Common Stock	03/07/2026		F		26(1)	D	$45.59	5,783.135	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. Represents the number of shares withheld by and surrendered to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock Award (RSA)

2. The reporting person was granted a Performance Stock Unit (PSU) award on 3/7/2023. The PSU vested in full based on the satisfaction of certain performance criteria approved by the Board of Directors. The performance criteria was met resulting in 46% payout of the original goal

3. Represents the number of shares withheld by and surrendered to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of a Performance Stock Unit (PSU) Award.

	By: /s/ Michelle R. Mortensen For: Thomas A Scanlon	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did CWT executive Thomas Scanlon report?

Thomas A. Scanlon reported a grant of 548 shares of California Water Service Group common stock and several share dispositions used to satisfy tax withholding obligations on vested equity awards, leaving him with 5,783.135 directly owned shares.

Was the CWT Form 4 a stock purchase or sale by the executive?

The Form 4 does not show open-market buying or selling. It reports a 548-share stock grant and multiple code F transactions where shares were withheld and surrendered to California Water Service Group to pay taxes triggered by vesting of restricted and performance stock awards.

How many CWT shares does Thomas Scanlon own after these transactions?

After the reported equity award and related tax-withholding dispositions, Thomas A. Scanlon directly owns 5,783.135 shares of California Water Service Group common stock, according to the Form 4 totals following the final transaction date disclosed.

What triggered the tax-withholding share dispositions in the CWT filing?

The tax-withholding dispositions were triggered by the vesting of a Restricted Stock Award and a Performance Stock Unit award granted on March 7, 2023, which vested in full based on performance criteria and resulted in a 46% payout of the original performance goal.

What does the 46% payout in the CWT PSU award mean?

The Performance Stock Unit award vested based on performance criteria approved by the board. The filing states those criteria were met at a level that produced a 46% payout of the original goal, so fewer shares were delivered than the initial target amount.

What do code F transactions signify in the CWT insider report?

Code F in the Form 4 indicates shares delivered to the issuer to satisfy tax or exercise obligations. Here, multiple code F entries show California Water Service Group shares withheld and surrendered to cover tax liabilities from vesting restricted and performance stock awards.