Form 4: Middlesex Water Co. Executive Zerhouni Reports Stock Award and Tax Withholding

Mohammed G. Zerhouni, SVP, CFO, and Treasurer of Middlesex Water Co., reports acquisition of restricted stock and subsequent disposal for tax obligations.

Summary

• On June 24, 2024, Mohammed G. Zerhouni, SVP, CFO, and Treasurer of Middlesex Water Co., acquired 2,043 shares of restricted common stock at a price of $51.4 per share.
• This acquisition was pursuant to an employment agreement.
• On June 25, 2024, Zerhouni disposed of 687 shares at $53.48 per share to cover tax withholding obligations related to the stock award.
• Following these transactions, Zerhouni directly owns 1,356 shares of Middlesex Water Co. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The stock award to a key executive could be seen as a positive sign of the company's commitment to its leadership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.

Key Dates