Jenkins Kenneth G 4
Research Summary
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CWT VP Kenneth Jenkins Surrenders Shares for Tax Withholding
What Happened Kenneth G. Jenkins, VP, Water Res Plan & Sustain at California Water Service Group (CWT), had shares withheld and surrendered to the company to satisfy tax withholding on vested restricted stock awards. On 2026-06-04, 63 shares were withheld at an average price of $45.24 (value $2,850). On 2026-06-05, 38 shares were withheld at $45.82 (value $1,741). Total surrendered: 101 shares for approximately $4,591. This was a tax-withholding disposition (routine), not an open-market sale or a purchase.
Key Details
- Transaction dates and prices: 2026-06-04 — 63 shares at $45.24; 2026-06-05 — 38 shares at $45.82.
- Total value surrendered: ~$4,591.
- Shares owned after transaction: not reported in the supplied filing details.
- Footnotes: F1 = shares withheld to satisfy tax from RSA vesting granted March 4, 2025; F2 = shares withheld to satisfy tax from RSA vesting granted June 5, 2024.
- Filing: Form 4 filed 2026-06-08 (appears timely relative to the reported transaction dates).
Context Share withholding to cover taxes on vested restricted stock is a common, administrative transaction and generally not a signal of insider buying or selling intent in the open market. These shares were surrendered back to the issuer to meet tax obligations rather than sold into the market.