Form 4: Consolidated Water Co. Ltd. Director Wilmer F. Pergande Sells 3,500 Shares

Director Wilmer F. Pergande of Consolidated Water Co. Ltd. (CWCO) sold 3,500 shares of common stock at a weighted-average price of $25.29 on June 12, 2024.

Summary

• On June 12, 2024, Wilmer F. Pergande, a director of Consolidated Water Co. Ltd. (CWCO), sold 3,500 shares of common stock.
• The sale was executed in multiple trades with prices ranging from $25.25 to $25.30, resulting in a weighted-average sale price of $25.29.
• Following the transaction, Pergande directly owns 34,882 shares of CWCO common stock, which includes 230 shares acquired under the company's dividend reinvestment plan that were not previously reported.
• Additionally, Pergande indirectly owns 500 shares held in the individual retirement account (IRA) of his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a director's stock sale. It's neutral in sentiment as it simply reports a transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale represents a personal financial decision by the director and may not necessarily reflect a change in the company's prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small transaction.

Key Dates