Form 4: Director Walter G. Reinhard Sells Middlesex Water Co Stock
SEC Form 4 Filing
Walter G. Reinhard, a director of Middlesex Water Co, sold 857 shares of common stock at $57.16 per share on May 22, 2024.
Summary
- On May 22, 2024, Walter G. Reinhard, a director of Middlesex Water Co, sold 857 shares of the company's common stock.
- The sale price was $57.16 per share.
- Following the transaction, Reinhard directly owns 7,151 shares of Middlesex Water Co common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock sale transaction |
| 05/23/2024 | Date of signature on the Form 4 filing |
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