California Water Service (CWT) SVP & CLO Shawn Bunting Withholds Shares

What Happened
Shawn C. Bunting, SVP and Chief Legal Officer of California Water Service Group (CWT), had a total of 140 shares withheld and surrendered to the issuer to satisfy tax withholding related to vested restricted stock awards. On 2026-09-04, 71 shares were surrendered at $50.03 each (value $3,552), and on 2026-09-05, 69 shares were surrendered at $50.03 each (value $3,452). These were tax-withholding dispositions (issuer withholding), not open-market sales.

Key Details

• Transaction dates and amounts:
  • 2026-09-04: 71 shares @ $50.03 — $3,552 (withheld for taxes)
  • 2026-09-05: 69 shares @ $50.03 — $3,452 (withheld for taxes)
• Combined shares surrendered: 140 shares; combined value ≈ $7,004.
• Transaction code: F — shares withheld/surrendered to satisfy tax withholding on vested restricted stock.
• Footnotes:
  • F1: Withheld for tax obligations from RSA granted March 4, 2025.
  • F2: Withheld for tax obligations from RSA granted June 5, 2024.
• Shares owned after the transaction: Not reported in this filing.
• Filing: Form 4 filed 2026-09-08 reporting transactions on 2026-09-04 and 2026-09-05. Timeliness flag not provided in the filing.

Context
Withholding shares to cover taxes on vested restricted stock is a routine administrative disposition and is not the same as an open-market sale. It typically does not signal a change in the insider's view of the company's prospects. The filing simply documents that the company retained/surrendered shares to satisfy tax withholding obligations arising from vesting events.