Jenkins Kenneth G 4
4 · CALIFORNIA WATER SERVICE GROUP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
California Water (CWT) VP Kenneth Jenkins Receives Award, Sells Shares
What Happened
Kenneth G. Jenkins, VP of Water Resource Planning & Sustainability at California Water Service Group (CWT), received 548 shares as an award on 2026-03-07 (reported as an acquisition). Related tax-withholding dispositions occurred: 281 shares and 33 shares were surrendered on 3/7 to satisfy tax obligations (disposed at $45.59 each, proceeds $12,811 and $1,504 respectively). Separately, 42 shares were surrendered on 3/05 (disposed at $45.78, proceeds $1,923) to cover tax withholding for a Restricted Stock Award. Total proceeds from the withheld/disposed shares ≈ $16,238. The 548-share award relates to a Performance Stock Unit (PSU) grant from 3/7/2023 that vested with a 46% payout (per filing footnote).
Key Details
- Dates and amounts:
- 2026-03-05: 42 shares withheld/surrendered at $45.78 — $1,923 (footnote F1; RSA tax withholding)
- 2026-03-07: 548 shares acquired (award/grant) at $0.00 (code A)
- 2026-03-07: 281 shares withheld/surrendered at $45.59 — $12,811 (PSU tax withholding, footnote F3)
- 2026-03-07: 33 shares withheld/surrendered at $45.59 — $1,504 (PSU tax withholding, footnote F3)
- Total shares withheld/surrendered across these events: 356 shares; total proceeds ≈ $16,238.
- The 548-share award arises from a PSU granted 3/7/2023 that vested with a 46% payout (footnote F2).
- These “F” code transactions are tax-withholding/net settlement actions (not open-market sales).
- Filing does not specify total shares owned after the transactions; the filing does not indicate it was late.
Context
- This was primarily an award/vesting event (code A) with accompanying net settlement/tax-withholding (code F). Tax-withholding disposals are routine administrative actions and do not necessarily indicate a change in the insider’s view of the company.
- For retail investors: awards/vesting show compensation being paid in stock; the withheld shares are simply used to cover taxes rather than sold in the open market.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-05$45.78/sh−42$1,923→ 5,095 total - Award
Common Stock
[F2]2026-03-07+548→ 5,643 total - Tax Payment
Common Stock
[F3]2026-03-07$45.59/sh−281$12,811→ 5,362 total - Tax Payment
Common Stock
[F1]2026-03-07$45.59/sh−33$1,504→ 5,329 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.