Form 4: Middlesex Water Co Director Steven M. Klein Acquires Shares
SEC Form 4
Director Steven M. Klein reports acquisition of 857 shares of Middlesex Water Co at $52.50 per share on April 1, 2024.
Summary
- Steven M. Klein, a director of Middlesex Water Co, reported a transaction on April 1, 2024.
- Klein acquired 857 shares of common stock at a price of $52.50 per share.
- Following the transaction, Klein directly owns 7,559 shares held in street name and 1,766 shares in book entry.
- The acquisition was made in accordance with the Issuer's Outside Director Stock Compensation Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction by a company director. The acquisition of shares can be seen as a positive sign, but it's not a major event.
Positives
- Director's acquisition of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date used to determine the price in accordance with the Issuer's Outside Director Stock Compensation Plan. |
| 04/01/2024 | Date of the transaction where Steven M. Klein acquired shares. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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