Scanlon Thomas A 4
Research Summary
AI-generated summary
California Water Service (CWT) VP Thomas A. Scanlon Surrenders 60 Shares
What Happened
- Thomas A. Scanlon, VP, Corporate Controller & Principal Accounting Officer, surrendered a total of 60 shares of California Water Service Group (CWT) stock to satisfy tax-withholding obligations tied to vested Restricted Stock Awards.
- Transactions: 30 shares on 2026-06-04 at $45.24 each ($1,357) and 30 shares on 2026-06-05 at $45.82 each ($1,375), total ≈ $2,732. These were disposals to the issuer for tax withholding (code F), not open-market sell orders.
Key Details
- Transaction dates and prices:
- 2026-06-04: 30 shares @ $45.24 = $1,357 (footnote F1)
- 2026-06-05: 30 shares @ $45.82 = $1,375 (footnote F2)
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1 — shares withheld to satisfy tax withholding from vesting of an RSA granted March 4, 2025. F2 — shares withheld to satisfy tax withholding from vesting of an RSA granted June 5, 2024.
- Filing timeliness: Form 4 filed 2026-06-08; the filing is timely for these transaction dates.
Context
- These were tax-withholding disposals related to vested restricted stock awards (RSA). This is a routine administrative transaction and differs from a voluntary open-market sale — it does not necessarily indicate the insider’s view on the stock.
- Transaction code F indicates shares were surrendered to the issuer to cover withholding obligations rather than sold on the market.