Peters Todd Kenneth 4
4 · CALIFORNIA WATER SERVICE GROUP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
CWT VP Todd Peters Receives Award; Shares Withheld for Taxes
What Happened Todd Kenneth Peters, Vice President of Engineering at California Water Service Group (CWT), received 548 shares on 2026-03-07 from vested equity awards (code A). To satisfy tax-withholding obligations tied to the vesting, Peters had a total of 374 shares surrendered to the company across transactions on 2026-03-05 and 2026-03-07 (codes F), with a total withheld value of about $17,059. Net from these transactions, Peters increased his holdings by 174 shares (548 acquired − 374 withheld).
Key Details
- Transaction dates and prices:
- 2026-03-05: 44 shares withheld at $45.78 = $2,014 (tax withholding for RSA) (F).
- 2026-03-07: 548 shares granted/vested at $0.00 = $0 (award/acquisition) (A).
- 2026-03-07: 296 shares withheld at $45.59 = $13,495 (tax withholding for PSU) (F).
- 2026-03-07: 34 shares withheld at $45.59 = $1,550 (additional tax withholding) (F).
- Total shares acquired: 548. Total shares surrendered for taxes: 374. Net shares gained: 174.
- Total value of shares surrendered for tax withholding: ~$17,059.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1/F3 indicate shares were withheld and surrendered to the issuer to satisfy tax-withholding on vesting (RSA and PSU).
- F2 notes the PSU award was originally granted 3/7/2023 and vested in full with a 46% payout of the original target based on performance.
- Filing: Report filed 2026-03-09 for transactions on 3/05 and 3/07; filing appears within the Form 4 reporting window.
Context
- These transactions reflect vesting of equity awards (a Performance Stock Unit and Restricted Stock Award) and routine withholding of shares to cover taxes — not open-market sales or purchases. The withheld shares were surrendered to the company (a common cashless tax-withholding method), so this is not a sale to an outside buyer.
- Footnote clarifies the PSU payout was performance-based (46% of target), meaning the 548-share acquisition reflects the vested, performance-adjusted award.
Insider Transaction Report
Form 4
Peters Todd Kenneth
Vice President, Engineering
Transactions
- Tax Payment
Common Stock
[F1]2026-03-05$45.78/sh−44$2,014→ 8,202 total - Award
Common Stock
[F2]2026-03-07+548→ 8,750 total - Tax Payment
Common Stock
[F3]2026-03-07$45.59/sh−296$13,495→ 8,454 total - Tax Payment
Common Stock
[F1]2026-03-07$45.59/sh−34$1,550→ 8,420 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.
Signature
By: /s/ Michelle R. Mortensen For: Todd Kenneth Peters|2026-03-09