Form 4: Middlesex Water Co Director Kim C. Hanemann Acquires Additional Shares

Director Kim C. Hanemann reports the acquisition of 857 shares of Middlesex Water Co stock at $52.50 per share on April 1, 2024.

Summary

• On April 1, 2024, Kim C. Hanemann, a director of Middlesex Water Co, acquired 857 shares of the company's common stock.
• The shares were purchased at a price of $52.50 per share.
• Following the transaction, Hanemann directly owns 1,884 shares held in street name and 1,800 shares held in book.
• The transaction was made in accordance with the Issuer's Outside Director Stock Compensation Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares at market price is generally a good sign, but it's a relatively small transaction.

Positives

• Director's purchase may signal confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects. Director's purchases are generally seen as a positive sign.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates