California Water (CWT) CEO Martin Kropelnicki Sells 998 Shares

What Happened

• Martin A. Kropelnicki, Chairman, President & CEO of California Water Service Group (CWT), had a total of 998 shares withheld and surrendered to the company to satisfy tax-withholding obligations tied to vested Restricted Stock Awards (RSAs).
• Transactions: 505 shares withheld on 2026-09-04 at $50.03 each ($25,265) and 493 shares withheld on 2026-09-05 at $50.03 each ($24,665), for a combined value of approximately $49,930. These dispositions are tax-withholding actions (transaction code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-09-04: 505 shares @ $50.03 → $25,265 (F)
  • 2026-09-05: 493 shares @ $50.03 → $24,665 (F)
• Total shares surrendered: 998; total value ≈ $49,930.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Withheld to satisfy tax on RSA vesting granted March 4, 2025 (505 shares).
  • F2: Withheld to satisfy tax on RSA vesting granted June 5, 2024 (493 shares).
• Filing date (Form 4): 2026-09-08 (reporting these transactions). The provided data does not indicate a late-file flag.

Context

• These were tax-withholding dispositions tied to the vesting of restricted stock awards—common routine transactions when equity vests. They are not open-market sales signaling a decision to liquidate additional shares, but they do reduce the insider's share count by the withheld amount.