Form 4: Essential Utilities Executive Robert Rubin Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Robert Rubin, Chief Accounting Officer of Essential Utilities, Inc., sold 3,551 shares of common stock at $36 per share on March 11, 2024, according to a Form 4 filing with the SEC.
Summary
- Robert A. Rubin, Chief Accounting Officer of Essential Utilities, Inc., reported a transaction involving the company's common stock on March 11, 2024.
- Rubin sold 3,551 shares at a price of $36 per share.
- The sale was executed under a pre-arranged 10b5-1 trading plan.
- Following the transaction, Rubin directly owns 63,320.77 shares of Essential Utilities common stock.
- Rubin also indirectly owns 19,879.14 shares through a 401k.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged plan. There's no indication of positive or negative implications for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock sale transaction |
| 03/13/2024 | Date of signature on the Form 4 filing |
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