4/A: Middlesex Water Co: CEO Nadine Duchemin-Leslie Reports Stock Award and Tax Withholding
SEC Form 4/A
Nadine Duchemin-Leslie, President & CEO of Middlesex Water Co, reports the acquisition of 4,913 shares of common stock and subsequent disposal of 2,632 shares to cover tax obligations.
Summary
- On March 1, 2024, Nadine Duchemin-Leslie, President & CEO of Middlesex Water Co, acquired 4,913 shares of common stock at a price of $50.89 per share.
- These shares were awarded pursuant to an Employment Agreement dated January 23, 2024.
- On March 4, 2024, Ms. Duchemin-Leslie disposed of 2,632 shares at $51.30 per share to satisfy tax withholding obligations related to the stock award.
- Following these transactions, Ms. Duchemin-Leslie directly owns 2,281 shares of Middlesex Water Co common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The CEO receiving stock awards is generally a good sign, but the subsequent sale to cover taxes is a standard procedure.
Positives
- The acquisition of shares by the CEO demonstrates confidence in the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The stock award aligns the CEO's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/23/2024 | Date of Employment Agreement between the Reporting Person and the Issuer. |
| 03/01/2024 | Date of common stock acquisition. |
| 03/04/2024 | Date of common stock disposal for tax withholding. |
| 03/08/2024 | Date of Original Filed. |
| 03/11/2024 | Date of signature on the amended report. |
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