Form 4: Middlesex Water Co CEO Nadine Duchemin-Leslie Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Nadine Duchemin-Leslie, President & CEO of Middlesex Water Co, reports acquisition of stock and subsequent disposal to cover tax obligations related to vesting of restricted stock.
Summary
- On March 4, 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.
- On the same day, she disposed of 2,632 shares to cover tax withholding obligations related to the vesting of restricted stock, also at $50.89 per share.
- Following these transactions, Duchemin-Leslie directly owns 2,281 shares of Middlesex Water Co stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock acquisition and disposal for tax withholding. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.