Form 4: Essential Utilities CEO Chris Franklin Reports Stock Sale and 401k Activity
SEC Form 4 Filing
CEO Chris Franklin reports a sale of 7,700 shares of Essential Utilities stock at $39.40 and updates holdings in the company's 401k plan.
Summary
- Chris Franklin, CEO of Essential Utilities, reported a transaction on March 14, 2025.
- He sold 7,700 shares of Common Stock at a price of $39.40.
- Following the transaction, Franklin directly owns 297,149 shares of Common Stock.
- He also indirectly owns 32,228.99 shares through the 401k plan, which includes shares acquired since the last filing.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard SEC filing reporting a transaction. There's no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities.
Stakeholder Impact
- The transaction may have a minor impact on shareholders, depending on their interpretation of the insider's trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of stock sale transaction |
| 03/17/2025 | Date of signature on the report |
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