California Water Service Group CEO Martin Kropelnicki Sells Shares for Tax Withholding
This SEC Form 4 filing reports two transactions by Martin A. Kropelnicki, Chairman, President & CEO of California Water Service Group (CWT). On June 4, 2026, Kropelnicki sold 504 shares at $45.24 per share to cover tax withholding obligations from the vesting of a Restricted Stock Award granted on March 4, 2025. The following day, June 5, 2026, he sold an additional 493 shares at $45.82 per share for similar tax withholding purposes related to a Restricted Stock Award from June 5, 2024. These were mandatory sales to satisfy tax obligations rather than discretionary trades. Following these transactions, Kropelnicki's direct ownership decreased from approximately 148,777 shares to 148,284 shares. The filing indicates these shares were disposed of (transaction code "D") under transaction code "F" for tax withholding purposes.