Form 4: Middlesex Water Co. Executive Andreasen Jr. Reports Stock Transactions

Middlesex Water Co. Vice President-Engineering, G. Christian Andreasen Jr., reported the vesting of restricted stock and a subsequent transaction to cover tax obligations.

Summary

• G. Christian Andreasen Jr., Vice President-Engineering at Middlesex Water Co., reported transactions involving the company's common stock.
• On January 31, 2025, 2,791 shares of restricted stock vested at a price of $50.64 per share.
• Also on January 31, 2025, 1,245 shares were acquired by Andreasen Jr. at $50.64 per share after surrendering shares to cover tax obligations related to the vesting.
• Following these transactions, Andreasen Jr. directly owns 12,914.8693 shares of Middlesex Water Co. common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and required reporting, indicating a neutral to slightly positive sentiment as it shows the executive's stake in the company.

Industry Context

This is a routine filing related to executive compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Stock vesting and tax-related transactions are common practices for executive compensation in publicly traded companies.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.
• Similar transactions are regularly reported by executives at comparable companies in the utilities sector.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The transactions do not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Middlesex Water Co, stock transaction, restricted stock, insider trading, Form 4, vesting, tax obligations, G. Christian Andreasen Jr.