Form 4: Middlesex Water Co. Executive Acquires and Disposes of Shares in Recent Transactions

Robert K. Fullagar, Vice President-Operations at Middlesex Water Co., reports acquisition and disposal of company stock, including restricted stock awards and shares surrendered for tax obligations.

Summary

• On April 1, 2024, Robert K. Fullagar, Vice President-Operations at Middlesex Water Co., engaged in transactions involving the company's stock.
• Fullagar acquired 1,333 shares of restricted stock at $52.50 per share.
• He also disposed of 248 vested restricted stock shares at $52.50 per share.
• Additionally, 110 shares were surrendered to cover tax withholding obligations related to the vesting of restricted stock at $52.50 per share.
• Fullagar directly owns 599 shares of common stock, 61 shares of common stock (DRP), and 400 shares of common stock (Street).

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports stock transactions. The acquisition of restricted stock is mildly positive, while the disposal for tax obligations is a standard procedure.

Positives

• The acquisition of restricted stock suggests continued alignment of the executive's interests with the company's performance.

Negatives

• The disposal of shares to cover tax obligations is a routine event but could be perceived negatively if the amount is significant.

Risks

• There are no specific risks highlighted in this document, as it primarily details stock transactions.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to monitor potential alignment or misalignment of interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive stock ownership.

Key Dates