California Water (CWT) SVP Shannon Dean Surrenders Shares for Taxes

What Happened
Shannon C. Dean, 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. On 2026-09-04, 75 shares were withheld at $50.03 (reported value $3,752), and on 2026-09-05, 72 shares were withheld at $50.03 (reported value $3,602), for a combined value of about $7,354. This was a tax-withholding surrender on vested RSAs — a routine administrative transaction, not an open-market sale for cash proceeds.

Key Details

• Transaction dates and prices: 2026-09-04 (75 sh @ $50.03, $3,752) and 2026-09-05 (72 sh @ $50.03, $3,602).
• Total shares surrendered: 147 shares; total value ≈ $7,354.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 and F3 indicate these shares were withheld to satisfy tax withholding for Restricted Stock Awards (RSAs) granted on 03/04/2025 and 06/05/2024; F2 notes ESPP shares are included in reported holdings.
• Filing date: 2026-09-08 (no late-filing flag noted in the summary provided).

Context
Withholding shares upon vesting is a common, administrative practice to cover tax obligations and generally does not indicate a change in the insider’s view of the company. This was not an open-market sale or a purchase — the shares were surrendered back to the issuer as payment of tax liability related to RSA vesting.