Milleman Greg A 4

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.