Form 4: Middlesex Water Co Director Walter G. Reinhard Reports Stock Acquisition and Disposal

Director Walter G. Reinhard reports acquiring 857 shares of Middlesex Water Co stock at $52.50 and disposing of 7,151 shares held in street name.

Summary

• On April 1, 2024, Walter G. Reinhard, a director of Middlesex Water Co, reported a transaction involving the company's common stock.
• Reinhard acquired 857 shares of common stock at a price of $52.50 per share.
• The acquisition was made under the Issuer's Outside Director Stock Compensation Plan, with the price determined at the close of business on March 28, 2024.
• Reinhard also disposed of 7,151 shares of common stock held in street name.
• Following these transactions, the filing indicates the amount of securities beneficially owned by Reinhard.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates