Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-21

California Water Service Group (CWT)

CEO Martin Kropelnicki was paid $6,875,256 in fiscal year 2025, ↑ up 43.1% from fiscal year 2024, the 85th percentile of its disclosed peer group (SEC filing 0001104659-26-040708 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,875,256 ↑
Martin Kropelnicki total, FY2025
85th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
94.87%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Martin Kropelnicki (Chairman, President & Chief Executive Officer), FY2025 total compensation $6,875,256 (base salary $1,080,688) [exec_comp, SEC accession 0001104659-26-040708, filed 2026-04-08]

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CWT's next annual pay disclosure, estimated March 31, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Martin Kropelnicki$1,080,688$0$1,950,119$0$1,524,915$2,254,426$65,108$6,875,256
Chairman, President & Chief Executive Officer
James Lynch488,2940272,0150275,684479,82647,4661,563,285
Senior Vice President, Chief Financial Officer & Treasurer
Shannon Dean346,6460272,0150195,708625,72347,3581,487,450
Senior Vice President, Customer Service & Chief Sustainability Officer
Michael Luu464,7870272,0150262,373276,42148,3001,323,896
Senior Vice President, Corporate Services & Chief Risk Officer
Shawn Bunting434,3240272,0150245,171244,87858,6981,255,086
Senior Vice President, General Counsel & Business Development

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Martin Kropelnicki$6,875,256$4,803,389$4,856,752↑ +2,071,867
James Lynch1,563,2851,442,429—↑ +120,856
Shannon Dean1,487,450926,331—↑ +561,119
Michael Luu1,323,8961,048,8961,051,459↑ +275,000
Shawn Bunting1,255,0861,177,501816,244↑ +77,585

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against CWT
1 company names CWT as a compensation peer

Each company listed discloses CWT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CWT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Carol M. PottengerIndependent Director$241,178
Charles R. PattonChair of the Board$241,178
Gregory E. AliffIndependent Director$266,178
Jeffrey KightlingerIndependent Director$241,178
Lester A. SnowIndependent Director$256,178
Patricia K. WagnerIndependent Director$256,178
Scott L. MorrisLead Independent Director$296,178
Shelly M. EsqueIndependent Director$241,178
Thomas M. Krummel, M.DIndependent Director$261,178
Yvonne A. Maldonado, M.DIndependent Director$241,178
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Shawn BuntingPSU2025-03-042,0944,188—8,376$195,035
Shawn BuntingRSU2025-03-04——1,653—76,980
Shannon DeanPSU2025-03-042,0944,188—8,376195,035
Martin KropelnickiPSU2025-03-0415,78031,560—63,1201,469,749
Michael LuuRSU2025-03-04——1,653—76,980
James LynchPSU2025-03-042,0944,188—8,376195,035
James LynchRSU2025-03-04——1,653—76,980
Shannon DeanRSU2025-03-04——1,653—76,980
Martin KropelnickiRSU2025-03-04——10,080—480,370
Michael LuuPSU2025-03-042,0944,188—8,376195,035
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Shawn Bunting$76,980$195,035$071.7%
Shannon Dean76,980195,035071.7%
Martin Kropelnicki480,3701,469,749075.4%
Michael Luu76,980195,035071.7%
James Lynch76,980195,035071.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Shawn BuntingRSU1,653—$71,624
Shawn BuntingRSU672—29,118
Shawn BuntingPSU1,630—70,628
Michael LuuRSU1,653—71,624
Martin KropelnickiPSU31,560—1,367,495
Michael LuuPSU3,016—130,683
Michael LuuPSU444—19,239
Martin KropelnickiPSU26,535—1,149,762
Martin KropelnickiPSU14,144—612,860
Martin KropelnickiRSU10,315—446,949
Martin KropelnickiRSU4,200—181,986
James LynchPSU4,188—181,466
Michael LuuPSU4,188—181,466
Shawn BuntingPSU4,188—181,466
Shannon DeanPSU4,188—181,466
James LynchPSU3,016—130,683
James LynchRSU1,653—71,624
Shawn BuntingPSU3,016—130,683
Shannon DeanPSU3,016—130,683
Michael LuuPSU1,955—84,710
Shannon DeanPSU1,995—84,710
Shannon DeanRSU1,653—71,624
James LynchRSU672—29,118
Michael LuuRSU672—29,118
Shannon DeanRSU672—29,118
Martin KropelnickiRSU656—28,424
Michael LuuRSU105—4,550
Shannon DeanRSU105—4,550
Shawn BuntingRSU87—3,770
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are designed to attract, motivate, and retain key officers with the ultimate goal of generating strong operating results and creating long-term alignment with our stockholders and customers. We reward for excellent job performance, overall leadership, long-term results, and provide for fair, reasonable, and competitive total compensation.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2046,971,0992,539,067198,31894.87%Passed
20252025-05-2832,524,23115,671,224192,96367.48%Passed
20242024-05-2946,178,6121,866,216161,22095.79%Passed
20232023-05-3144,409,8241,596,800193,09696.13%Passed
20222022-05-2539,361,2523,402,509199,09691.62%Passed
20212021-05-2636,953,3932,619,749245,19292.81%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2094.87%a
20252025-05-2867.48%b
20242024-05-2995.79%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Majority of Shares Present in Person or Represented by Proxy and Entitled to Vote on the Matter”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Scott L. MorrisIndependent · Lead Independent Director · Compensation · Nominating/Governance (Chair) · Audit$173,000$123,178$0—$0$296,178
Gregory E. AliffIndependent · Audit (Chair) · Risk · Finance and Capital Investment143,000123,1780—0266,178
Thomas M. Krummel, M.DIndependent · Compensation (Chair) · Nominating/Governance138,000123,1780—0261,178
Lester A. SnowIndependent · Compensation · Risk (Chair) · Finance and Capital Investment · Committee Chair (Chair)133,000123,1780—0256,178
Patricia K. WagnerIndependent · Audit · Compensation · Finance and Capital Investment · Committee Member133,000123,1780—0256,178
Shelly M. EsqueIndependent · Risk · Nominating/Governance118,000123,1780—0241,178
Yvonne A. Maldonado, M.DIndependent · Risk · Nominating/Governance118,000123,1780—0241,178
Charles R. PattonIndependent · Board Chair · Audit · Finance and Capital Investment (Chair) · Chairman of the Board (Chair)118,000123,1780—0241,178
Jeffrey KightlingerIndependent · Audit · Risk118,000123,1780—0241,178
Carol M. PottengerIndependent · Risk · Finance and Capital Investment · Nominating/Governance · Lead Independent Director118,000123,1780—0241,178
Martin A. KropelnickiEmployee director · Audit—————0
09

Board fee structure and ownership guideline

Annual cash retainer$118,000
Annual equity retainer$120,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guidelinerements for non-employee directors annually. All non-employee directors and officers are in compliance with this requirement.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,310,000
Equity awards (grant-date value)$1,231,780
All other compensation$0
Total cost of the board$2,541,780

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1California Water Service Group2025Martin Kropelnicki$1,080,688$1,950,119$0$1,524,915$6,875,256

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at California Water Service Group in fiscal 2025?
As disclosed, Martin Kropelnicki (Chairman, President & Chief Executive Officer) was the highest-paid executive at California Water Service Group in fiscal 2025, with total compensation of $6,875,256.
How does California Water Service Group's chief executive pay compare to its disclosed peer group?
As disclosed, Martin Kropelnicki's total compensation ranked at the 85th percentile of California Water Service Group's disclosed peer group.
How did shareholders vote on California Water Service Group's executive compensation?
As disclosed, 94.87% of shareholders supported California Water Service Group's executive compensation in the latest say-on-pay vote.
How much does California Water Service Group spend in total on board compensation for fiscal 2025?
As disclosed, California Water Service Group reported total board compensation of $2,541,780 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Martin KropelnickiDEF 14A2026-04-080001104659-26-040708Section “Summary Compensation Table”. As printed: 6,875,256. Filing ↗machine: r1 · c49 · span 2165398–2165407
2Section 01, James LynchDEF 14A2026-04-080001104659-26-040708Section “Summary Compensation Table”. As printed: 1,563,285. Filing ↗machine: r4 · c49 · span 2183734–2183743
3Section 01, Shannon DeanDEF 14A2026-04-080001104659-26-040708Section “Summary Compensation Table”. As printed: 1,487,450. Filing ↗machine: r12 · c49 · span 2234545–2234554
4Section 01, Michael LuuDEF 14A2026-04-080001104659-26-040708Section “Summary Compensation Table”. As printed: 1,323,896. Filing ↗machine: r6 · c49 · span 2196745–2196754
5Section 01, Shawn BuntingDEF 14A2026-04-080001104659-26-040708Section “Summary Compensation Table”. As printed: 1,255,086. Filing ↗machine: r9 · c49 · span 2214949–2214958
6Section 03, Shawn Bunting PSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
7Section 03, Shawn Bunting RSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
8Section 03, Shannon Dean PSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
9Section 03, Martin Kropelnicki PSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
10Section 03, Michael Luu RSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
11Section 03, James Lynch PSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
12Section 03, James Lynch RSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
13Section 03, Shannon Dean RSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
14Section 03, Martin Kropelnicki RSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
15Section 03, Michael Luu PSUDEF 14A2026-04-080001104659-26-040708Section “Grants of Plan-Based Awards for Fiscal Year Ended 2025” · grants of plan-based awards table. Filing ↗
16Section 08, Scott L. MorrisDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 296,178. Filing ↗
17Section 08, Gregory E. AliffDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 266,178. Filing ↗machine: span 1148039–1148046
18Section 08, Thomas M. Krummel, M.DDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 261,178. Filing ↗machine: span 1156578–1156585
19Section 08, Lester A. SnowDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 256,178. Filing ↗machine: span 1170400–1170407
20Section 08, Patricia K. WagnerDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 256,178. Filing ↗machine: span 1173942–1173949
21Section 08, Shelly M. EsqueDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 241,178. Filing ↗machine: span 1150989–1150996
22Section 08, Yvonne A. Maldonado, M.DDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 241,178. Filing ↗machine: span 1159215–1159222
23Section 08, Charles R. PattonDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 241,178. Filing ↗machine: span 1164821–1164828
24Section 08, Jeffrey KightlingerDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 241,178. Filing ↗machine: span 1153620–1153627
25Section 08, Carol M. PottengerDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 241,178. Filing ↗machine: span 1167774–1167781
26Section 08, Martin A. KropelnickiDEF 14A2026-04-080001104659-26-040708Section “Director Compensation”. As printed: 0. Filing ↗
27Section 06, 2026 voteForm 8-K2026-05-210001104659-26-065135Item 5.07 · say-on-pay result. As reported: 94.87% (votes for as printed: 46,971,099). Filing ↗
28Section 06, 2025 voteForm 8-K2025-05-290001104659-25-054291Item 5.07 · say-on-pay result. As reported: 67.48% (votes for as printed: 32,524,231). Filing ↗
29Section 06, 2024 voteForm 8-K2024-06-030001104659-24-067322Item 5.07 · say-on-pay result. As reported: 95.79% (votes for as printed: 46,178,612). Filing ↗
30Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
32Section 09b board cost (computed)Computed——Cash 1,310,000 + equity 1,231,780 + all other 0 = 2,541,780, summed across the director compensation table rows.machine: formula: Σ = 2,541,780
33California Water Service Group (subject), Section 10b CEO totalDEF 14A2026-04-080001104659-26-040708CEO total compensation as printed in California Water Service Group's own proxy. As printed: 6,875,256. Filing ↗machine: r1 · c49 · span 2165398–2165407