California Water Service (CWT) VP Elissa Ouyang Sells Shares

What Happened
Elissa Y. Ouyang, VP Facilities, Fleet, Procurement & IT at California Water Service Group (CWT), had a total of 134 shares withheld and surrendered to the company to satisfy tax withholding obligations tied to vested Restricted Stock Awards (RSAs). The withholding occurred in two tranches: 68 shares on 2026-09-04 at $50.03 each ($3,402) and 66 shares on 2026-09-05 at $50.03 each ($3,302). These were tax-withholding transactions (code F), not open-market sales.

Key Details

• Transaction dates & amounts:
  • 2026-09-04: 68 shares @ $50.03 = $3,402 (withheld to cover taxes)
  • 2026-09-05: 66 shares @ $50.03 = $3,302 (withheld to cover taxes)
• Total shares withheld/surrendered: 134; total value ≈ $6,704.
• Footnotes: F1 = withholding for RSA vested from grant dated March 4, 2025; F2 = withholding for RSA vested from grant dated June 5, 2024.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing: Form 4 was filed 2026-09-08 (appears timely based on reported transaction dates).

Context: These transactions were routine tax-withholding actions related to restricted stock vesting (a "net share settlement"), not market sales initiated by the insider. Such withholdings are common and do not necessarily signal the insider’s view of the company’s stock.