Form 4: Middlesex Water Co: Sr. VP & CFO A. Bruce O'Connor Reports Stock Transactions

A. Bruce O'Connor, Sr. VP & CFO of Middlesex Water Co, reports stock transactions including vesting of restricted stock and share surrender for tax obligations.

Summary

• On April 1, 2024, A. Bruce O'Connor, Sr. VP & CFO of Middlesex Water Co, reported transactions involving the company's common stock.
• 2,848 shares of restricted stock vested at a price of $52.50 per share.
• O'Connor surrendered 1,399 shares back to the issuer at $52.50 per share to cover tax withholding obligations related to the vesting of the restricted stock.
• Following these transactions, O'Connor directly owns 8,911 shares and indirectly owns 2,487 shares (street name) and 0.5085 shares (DRP) of Middlesex Water Co.
• After the reported transactions, O'Connor beneficially owns 19,880 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The vesting of restricted stock indicates a positive performance evaluation or tenure milestone for the executive.

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 minor impact on shareholders as they reflect insider activity, which is closely monitored for insights into company performance and management's confidence.

Key Dates