CALIFORNIA WATER SERVICE GROUP

For the period ended May 20, 2026. Filed Apr 8, 2026.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 20, 2026 · Filed Apr 8, 2026

CWT$51.04+0.4%Stored close · as of Nov 6, 2026

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Contents

Compensation Program Framework

	Executive Compensation			\|			Compensation Discussion and Analysis

Compensation Program Framework

		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.

Our executive compensation programs are built upon the following framework:

	Pay-for-Performance				Align Long-Term Interests				Establish Strategic Goals
	Pay-for-performance by aligning officer compensation to preestablished, quantifiable performance goals that rewards long-term sustainable growth and performance				Align long-term interests of our customers, communities, and stockholders with management				Establish performance goals that are aligned with our organizational strategy

	Use Clear Metrics				Provide Competitive Pay				Apply One-Team Approach
	Use performance metrics that are understandable and are tied to key performance indicators; all our officers have the ability to make an impact				Provide competitive pay to attract and retain highly qualified officers				Maintain a one-team approach, meaning all eligible officers, department heads, and eligible employees share the same performance targets and incentive compensation plan

Our executive officers’ 2025 performance demonstrates our commitment to delivering value to our stockholders and customers. For 2025, our performance on both financial and non-financial measures resulted in 141% achievement of target for the short-term at-risk compensation plan and 46% achievement of target and payout for the long-term performance-based equity grant for performance period 2023-2025. These achievements reflect several key milestones achieved during our most recently completed fiscal year. Among those milestones, the Group:

Invested a record $517.0 million in water system infrastructure, a 9.8% increase over water system infrastructure investments in 2025.

Completed rate cases in Hawaii and Washington, adding $5.1 million in authorized revenue.

Announced the sale and issuance of $170.0 million of Notes by the Group and $200.0 million of Bonds by California Water Service Company, the Group’s largest subsidiary, in private placement transactions.

Announced the intent to acquire the remaining membership interests of BVRT Utility Holding Company LLC and become the sole owner of its seven subsidiary water and wastewater utilities in the south Austin-San Antonio corridor.

Entered into an agreement to own and operate wastewater and recycled water systems serving a master-planned, mixed-use development in San Bernardino County, California, with 500 customer connections initially and up to 15,000 at full buildout.

Increased its annual dividend by 10.71%, or $0.12, to $1.24 per common share, including a one-time special dividend of $0.04 per common share. This marked the Group’s 58th consecutive annual dividend, bringing its five-year compound annual dividend growth rate to 7.7%.

				California Water Service Group \| 2026 Proxy Statement \| 43

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