Form 4: Middlesex Water Co VP-IT Georgia M. Simpson Reports Stock Transactions
SEC Form 4 Filing
VP-IT of Middlesex Water Co, Georgia M. Simpson, reports acquisition and disposal of company stock, including restricted stock awards and shares surrendered for tax obligations.
Summary
- Georgia M. Simpson, VP-IT of Middlesex Water Co, filed a Form 4 detailing changes in beneficial ownership of company stock on April 1, 2025.
- Simpson acquired 1,123 shares of restricted stock at $64.1 per share.
- 702 shares of restricted stock vested, and Simpson disposed of them at $64.1 per share.
- 310 shares were surrendered to the issuer to cover tax withholding obligations related to the vesting of restricted stock at $64.1 per share.
- Simpson also owns 12.4851 shares through a dividend reinvestment plan (DRP).
- Following these transactions, Simpson directly owns 4,183 shares of common stock (restricted stock book), 719 shares of common stock (book), and 200 shares of common stock (street).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a company executive. The acquisition of shares is mildly positive, while the disposal for tax obligations is a standard practice.
Positives
- The acquisition of 1,123 shares of restricted stock indicates continued investment in the company by the VP-IT.
Negatives
- The disposal of 702 shares due to vesting and 310 shares to cover tax obligations could be perceived as a slight dilution of holdings, although it's a standard practice.
Risks
- There are no specific risks highlighted in this document, as it primarily details stock transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is specific to Middlesex Water Co and doesn't provide broad industry context.
Stakeholder Impact
- The transactions have a minor impact on shareholders, providing transparency into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of stock transactions: acquisition of restricted stock, vesting of restricted stock, and surrender of shares for tax obligations. |
| 04/03/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Middlesex Water Co, Stock Transactions, Beneficial Ownership, Restricted Stock, Vesting, Simpson, VP-IT
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