Dean Shannon C 4
4 · CALIFORNIA WATER SERVICE GROUP · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
California Water (CWT) Sr. VP Dean Shannon Receives Stock Award
What Happened
- Dean Shannon, Senior VP, Customer Service & Chief Sustainability Officer at California Water Service Group (CWT), received a grant/vested award of 900 shares on 2026-03-07 (award value reported $0). To satisfy tax-withholding obligations, a total of 673 shares were withheld/surrendered: 80 shares on 2026-03-05 at $45.78 ($3,662) and 593 shares on 2026-03-07 at $45.59 ($27,035). The withholding proceeds total about $30,697. Net shares retained from this vesting: 900 − 673 = 227 shares.
Key Details
- Transactions/dates:
- 2026-03-05: 80 shares withheld/surrendered at $45.78 — $3,662 (code F)
- 2026-03-07: Award/grant of 900 shares at $0.00 (code A)
- 2026-03-07: 531 shares withheld at $45.59 — $24,208 (code F)
- 2026-03-07: 62 shares withheld at $45.59 — $2,827 (code F)
- Total shares withheld/surrendered for taxes: 673 shares; proceeds ≈ $30,697.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- F1/F3: Shares were withheld/surrendered to satisfy tax withholding on vesting.
- F2: The PSU award granted 3/7/2023 vested based on performance; payout was 46% of target.
- Filing: Report filed 2026-03-09 for transactions on 3/5 and 3/7 — no late filing indicated in the document.
Context
- This filing reflects an award/vesting event and routine tax-withholding (not an open‑market sale or purchase). Withholding of shares to cover taxes is common and does not necessarily indicate a change in insider sentiment. The transaction involves vested restricted/performance stock units (PSUs) rather than a cash purchase or open-market sale.
Insider Transaction Report
Form 4
Dean Shannon C
SR. VP, Cust Svc & Chief Sust
Transactions
- Tax Payment
Common Stock
[F1]2026-03-05$45.78/sh−80$3,662→ 23,509.266 total - Award
Common Stock
[F2]2026-03-07+900→ 24,409.266 total - Tax Payment
Common Stock
[F3]2026-03-07$45.59/sh−531$24,208→ 23,878.266 total - Tax Payment
Common Stock
[F1]2026-03-07$45.59/sh−62$2,827→ 23,816.266 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.
Signature
By: /s/ Michelle R. Mortensen For: Shannon C Dean|2026-03-09