Form 4: Middlesex Water Co Executive Andreasen Reports Stock Transactions
SEC Form 4 Filing
G. Christian Andreasen, VP-Enterprise Engineering at Middlesex Water Co, reports stock transactions including vesting of restricted stock and share surrender for tax obligations.
Summary
- On April 1, 2024, G. Christian Andreasen, VP-Enterprise Engineering at Middlesex Water Co, reported transactions involving the company's common stock.
- 258 shares of restricted stock vested at a price of $52.50.
- Andreasen surrendered 115 shares back to the issuer at $52.50 to cover tax withholding obligations related to the vesting of the restricted stock.
- Following these transactions, Andreasen directly owns 5,867 shares of common stock (book entry), 5,802 shares through a dividend reinvestment plan (DRP), and 4,000 shares held in street name.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock transactions: vesting of restricted stock and share surrender for tax obligations. |
| 04/03/2024 | Date of signature on the Form 4 report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.