Dean Shannon C 4

What Happened

• Dean Shannon, Senior Vice President, Customer Service & Chief Sustainability Officer at California Water Service Group (CWT), had a total of 147 shares withheld and surrendered to the company to satisfy tax withholding obligations tied to vested restricted stock awards.
• Transactions: 74 shares withheld on 2026-06-04 at $45.24 ($3,348) and 73 shares withheld on 2026-06-05 at $45.82 ($3,345), for a combined value of about $6,693.
• This was not an open-market sale for investment purposes but a routine tax-withholding "disposition" connected to the vesting of restricted stock (transaction code F).

Key Details

• Transaction dates and prices:
  • 2026-06-04: 74 shares @ $45.24 = $3,348 (withheld for taxes).
  • 2026-06-05: 73 shares @ $45.82 = $3,345 (withheld for taxes).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Withheld shares relate to an RSA award granted March 4, 2025.
  • F3: Withheld shares relate to an RSA award granted June 5, 2024.
  • F2 notes inclusion of shares acquired through the Employee Stock Purchase Program (ESPP) elsewhere in the filing.
• Filing timeliness: No late-filing indication provided in the supplied details.

Context

• Withholding shares to meet tax obligations on vested restricted stock is a common, administrative action and should not be interpreted as an insider expressing a bullish or bearish view by selling shares on the open market.
• These were not option exercises followed by immediate market sales (cashless exercises); they were tax-withholding disposals tied to RSAs.