Earnings Feed
Start Free
CALIFORNIA WATER SERVICE GROUP·4

Mar 9, 6:25 PM ET

Peters Todd Kenneth 4

Research Summary

AI-generated summary

Updated

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.