California Water (CWT) SVP Shawn Bunting Surrenders Shares for Taxes

What Happened

• Shawn C. Bunting, Senior Vice President, General Counsel and Business Development at California Water Service Group (CWT), had 139 shares withheld and surrendered to the company to satisfy tax withholding obligations tied to vested restricted stock awards.
• Transactions: 70 shares withheld on 2026-06-04 at $45.24 (≈ $3,167) and 69 shares withheld on 2026-06-05 at $45.82 (≈ $3,162), for a combined value of about $6,329. These are tax-withholding dispositions (transaction code F), not open-market sales.

Key Details

• Transaction dates and prices: 2026-06-04 — 70 shares @ $45.24; 2026-06-05 — 69 shares @ $45.82.
• Total shares surrendered: 139; total value ≈ $6,329.
• Footnotes: F1 = withholding for RSA award granted March 4, 2025; F2 = withholding for RSA award granted June 5, 2024.
• Filing: Form 4 filed on 2026-06-08 (reported within the normal two-business-day filing window), not marked late.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• These transactions are routine tax withholdings from the vesting of restricted stock awards (RSA). The shares were surrendered to the issuer to cover tax obligations rather than sold on the open market, so they do not necessarily indicate a change in insider sentiment toward the stock.