Mortensen Michelle R 4

What Happened
Michelle R. Mortensen, VP, Corporate Secretary & Chief of Staff at California Water Service Group (CWT), received 900 shares as a vesting award and had a total of 677 shares surrendered/withheld to cover tax obligations, resulting in reported proceeds of $30,879. The award (900 shares) is recorded as an acquisition at $0.00; the withheld shares were recorded as disposals to the issuer to satisfy taxes.

Key Details

• Transactions reported:
  • 2026-03-05: 80 shares withheld/surrendered at $45.78 — $3,662 (F)
  • 2026-03-07: 900 shares granted/acquired at $0.00 — $0 (A)
  • 2026-03-07: 534 shares withheld/surrendered at $45.59 — $24,345 (F)
  • 2026-03-07: 63 shares withheld/surrendered at $45.59 — $2,872 (F)
• Total withheld/surrendered: 677 shares; total reported proceeds from those dispositions: $30,879.
• Shares owned after the transactions: not specified in the provided filing information.
• Footnotes:
  • F1/F3: The disposed shares were withheld and surrendered to the issuer to satisfy tax withholding on vesting.
  • F2: The 900-share award reflects vesting of a Performance Stock Unit (PSU) granted 3/7/2023; the PSU payout was 46% of target.
• Filing: Form 4 filed 2026-03-09 reporting transactions dated 2026-03-05 and 2026-03-07; no late-filing flag indicated in the provided data.

Context
The 900-share entry is an award/vesting event (PSU/RSA) rather than an open-market purchase. The disposals were share-withholdings to satisfy tax obligations (a common administrative action), not necessarily sales into the market and thus not a direct signal of negative sentiment.