Form 4: Director Dennis W. Doll Reports Share Transactions in Middlesex Water Co.
SEC Form 4 Filing
Director Dennis W. Doll reports vesting of restricted stock and subsequent share transactions to cover tax obligations at Middlesex Water Co.
Summary
- On February 28, 2024, Director Dennis W. Doll reported transactions involving Middlesex Water Co. common stock.
- 28,746 shares of restricted stock vested.
- Doll surrendered 14,342 shares back to the issuer to cover tax withholding obligations at a price of $51.11 per share.
- Following these transactions, Doll directly owns 18,961 shares of common stock, 300 shares in DRP Certificate Form, and 56,179 shares held in street name (jointly with spouse).
- The report was filed on March 4, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports transactions related to compensation and tax obligations. There's no indication of significant positive or negative sentiment.
Positives
- The vesting of restricted stock indicates confidence in the company's performance.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously awarded stock and subsequent tax-related share surrender.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transactions (vesting and share surrender). |
| 03/04/2024 | Date the Form 4 was signed. |
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