Form 4: Global Water Resources Director Acquires Restricted Stock Units
SEC Form 4 Filing
Director Richard M. Alexander acquired 36 restricted stock units of Global Water Resources, Inc. on March 28, 2024.
Summary
- Richard M. Alexander, a director of Global Water Resources, Inc., reported a transaction on March 28, 2024.
- He acquired 36 restricted stock units (RSUs) of the company's common stock.
- These RSUs are fully vested upon grant but can only be redeemed when the reporting person ceases to be a director.
- Following the transaction, Alexander directly owns 1,513 derivative securities.
- The reporting was filed on April 1, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Richard M. Alexander acquired 36 restricted stock units. |
| 04/01/2024 | Date of filing: Form 4 was filed on this date. |
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