Milleman Greg A 4
4 · CALIFORNIA WATER SERVICE GROUP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
CWT VP Greg Milleman Receives Award, Withholds Shares for Taxes
What Happened
Greg A. Milleman, VP Rates & Regulatory Affairs at California Water Service Group (CWT), was granted 900 shares as awards on 2026-03-07 and had 616 shares withheld/surrendered to the company to satisfy tax withholding obligations. The withheld shares were disposed in three transactions: 73 shares on 2026-03-05 at $45.78 ($3,342), and 486 and 57 shares on 2026-03-07 at $45.59 ($22,157 and $2,599 respectively). The award acquisition shows an issuance (no cash outlay); the disposals were tax withholdings (routine), not open-market sales.
Key Details
- Transaction dates and prices:
- 2026-03-05: 73 shares withheld at $45.78 — $3,342 (F)
- 2026-03-07: 900 shares granted at $0.00 — acquisition (A)
- 2026-03-07: 486 shares withheld at $45.59 — $22,157 (F)
- 2026-03-07: 57 shares withheld at $45.59 — $2,599 (F)
- Total withheld/disposed: 616 shares for ~$28,098; total shares acquired (awarded): 900 shares.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes of note:
- F1/F3: The disposals represent shares withheld/surrendered to satisfy tax withholding for vesting events (RSA and PSU).
- F2: The PSU was originally granted 3/7/2023 and vested in full with a 46% payout of the original target.
- Filing timing: Form filed 2026-03-09 covering transactions on 2026-03-05 and 03-07. The filing date is shown, but no explicit late-filing flag is included in the excerpt.
Context
The 900-share entry is an award (acquisition) tied to compensation (PSU/RSA vesting), not an open-market purchase. The 616-share "sales" are tax-withholding disposals (code F) — a common administrative step when awards vest and typically does not signal a deliberate investment sell decision by the insider. The PSU vesting payout was partial relative to original targets (46%), per the footnote.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-05$45.78/sh−73$3,342→ 13,030.166 total - Award
Common Stock
[F2]2026-03-07+900→ 13,930.166 total - Tax Payment
Common Stock
[F3]2026-03-07$45.59/sh−486$22,157→ 13,444.166 total - Tax Payment
Common Stock
[F1]2026-03-07$45.59/sh−57$2,599→ 13,387.166 total
Footnotes (3)
- [F1]Represents the number of shares withheld by and surrendered to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock Award (RSA)
- [F2]The reporting person was granted a Performance Stock Unit (PSU) award on 3/7/2023. The PSU vested in full based on the satisfaction of certain performance criteria approved by the Board of Directors. The performance criteria was met resulting in 46% payout of the original goal
- [F3]Represents the number of shares withheld by and surrendered to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of a Performance Stock Unit (PSU) Award.