KROPELNICKI MARTIN A 4
4 · CALIFORNIA WATER SERVICE GROUP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
California Water (CWT) CEO Martin Kropelnicki Receives Award, Sells Shares
What Happened
Martin A. Kropelnicki, Chairman, President & CEO of California Water Service Group (CWT), received an award of 6,507 shares on 2026-03-07 from a vested performance stock unit (PSU). To satisfy tax withholding obligations connected with the vesting of equity awards, a total of 4,695 shares were withheld/surrendered (disposed) across transactions on 2026-03-05 and 2026-03-07, generating proceeds of $214,139. The reported disposals were recorded as tax withholding (transaction code F); the acquisition was an award/grant (transaction code A).
Key Details
- Transactions:
- 2026-03-05: 493 shares withheld/surrendered at $45.78 — $22,570 (F)
- 2026-03-07: 6,507 shares awarded (PSU vest) at $0.00 — $0 (A)
- 2026-03-07: 3,817 shares withheld/surrendered at $45.59 — $174,017 (F)
- 2026-03-07: 385 shares withheld/surrendered at $45.59 — $17,552 (F)
- Total withheld/surrendered: 4,695 shares for $214,139.
- Footnotes: The PSU was originally granted 3/7/2023 and vested based on performance, resulting in a 46% payout of the original target (F2). Withheld shares were surrendered to satisfy tax withholding from both an RSA and the PSU vest (F1, F3).
- Shares owned after the transactions were not provided in the summary.
- Filing date: Form 4 filed 2026-03-09 for transactions dated 2026-03-05 and 2026-03-07 — appears timely based on typical Form 4 deadlines.
Context
This was primarily an equity award vesting (not an open-market purchase) with routine share withholding to cover taxes — a common administrative step that results in share disposals but does not necessarily indicate a change in the insider’s investment view. The PSU payout was partial relative to target (46% of original goal).
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-05$45.78/sh−493$22,570→ 146,523.307 total - Award
Common Stock
[F2]2026-03-07+6,507→ 153,030.307 total - Tax Payment
Common Stock
[F3]2026-03-07$45.59/sh−3,817$174,017→ 149,213.307 total - Tax Payment
Common Stock
[F1]2026-03-07$45.59/sh−385$17,552→ 148,828.307 total
Footnotes (3)
- [F1]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)
- [F2]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
- [F3]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.