Scanlon Thomas A 4

What Happened Thomas A. Scanlon, VP, Corporate Controller & CAO of California Water Service Group (CWT), received 548 shares on 2026-03-07 as the vesting/award of an equity grant and had 286 shares withheld/surrendered to cover tax withholding obligations in two dispositions (one on 2026-03-05 and two on 2026-03-07). The withheld shares were disposed at approx. $45.59–$45.78 per share for total proceeds of about $13,045. The award shares were acquired with no cash outlay (grant/vesting).

Key Details

• Transactions:
  • 2026-03-05: 34 shares withheld for taxes at $45.78 — proceeds $1,557 (Disposition, code F)
  • 2026-03-07: 548 shares granted/vested at $0.00 (Acquisition, code A)
  • 2026-03-07: 226 shares withheld for taxes at $45.59 — proceeds $10,303 (Disposition, code F)
  • 2026-03-07: 26 shares withheld for taxes at $45.59 — proceeds $1,185 (Disposition, code F)
• Net effect: +262 shares (548 acquired − 286 withheld); total cash received from withheld shares ≈ $13,045. The vesting award’s market value was roughly $25k using the ~ $45.6/share price.
• Footnotes: F1/F3 — shares were surrendered to the issuer to satisfy tax withholding on vesting; F2 — these were Performance Stock Units (PSUs) granted 3/7/2023 that vested in full with a 46% payout of the original goal.
• Filing: Report filed 2026-03-09 covering transactions on 2026-03-05 and 2026-03-07; no late filing is indicated in the filing information provided.
• Shares owned after transaction: not disclosed in the data provided in this summary.

Context

• These were award vesting and tax-withholding transactions (codes A and F). The surrendered shares were not open-market sales but were retained/surrendered to the company to satisfy withholding obligations (a common, administrative step when equity vests).
• This is a net acquisition of shares by the insider (+262 shares); such vesting events reflect compensation realization rather than an intentional market buy or sell for investment reasons.