Form 4: Artesian Resources Corp Director Houghton Receives Restricted Stock Grant

Director Michael Houghton of Artesian Resources Corp. reports receiving a grant of 1,000 shares of restricted stock.

Summary

• Michael Houghton, a director of Artesian Resources Corp., filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on May 6, 2024.
• Houghton received a grant of 1,000 shares of restricted stock.
• The restricted stock vests on May 6, 2025, and expires on May 7, 2025.
• The price of the derivative security is $37.07.
• Following the transaction, Houghton beneficially owns 1,000 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a stock grant, so the sentiment is neutral.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment.

Key Dates