Form 4: Middlesex Water Co: VP Lorrie Beth Ginegaw Reports Stock Transactions

Lorrie Beth Ginegaw, VP of Human Resources at Middlesex Water Co, reports acquisition and disposal of company stock, including restricted stock awards and shares surrendered for tax obligations.

Summary

• Lorrie Beth Ginegaw, VP of Human Resources at Middlesex Water Co, filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, Ms. Ginegaw acquired 1,014 shares of restricted stock at $64.10 per share.
• On the same day, 943 shares of restricted stock vested.
• Also on April 1, 2025, 418 shares were surrendered to the issuer to cover tax withholding obligations related to the vesting of restricted stock at $64.10 per share.
• Ms. Ginegaw also owns 520.9429 shares through a dividend reinvestment plan (DRP) and 355 shares held in street name.
• Following these transactions, Ms. Ginegaw beneficially owns 4,359 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine stock transactions related to executive compensation. There are no significantly positive or negative implications.

Positives

• The acquisition of 1,014 shares of restricted stock indicates continued investment in the company by a key officer.
• The vesting of 943 shares of restricted stock suggests the achievement of performance milestones.

Negatives

• The surrender of 418 shares to cover tax obligations reduces the total number of shares beneficially owned by Ms. Ginegaw.

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 insights.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider trading activity related to compensation.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock, Middlesex Water Co, Ginegaw, MSEX, stock transaction