EISENBREY JOHN R JR 4
Research Summary
AI-generated summary
ARTNA Director John R. Eisenbrey Jr. Receives 1,000 Shares (Vesting)
What Happened
- John R. Eisenbrey Jr., a director of Artesian Resources Corp. (ARTNA), had restricted shares vest on 2026-05-05. The filing reports an acquisition of 1,000 common shares at $31.41 each (total value $31,410) tied to the vesting.
- The report also shows the award event (derivative grant) of 1,000 shares and a simultaneous disposition of 1,000 derivative shares at the same $31.41 price—this disposition is consistent with share withholding to cover taxes. Overall, this was a routine vesting/award event rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-05; report filed: 2026-05-06 (timely).
- Prices and values: $31.41 per share; $31,410 total for the 1,000-share award.
- Reported codes: A = award/grant (derivative), J = other acquisition/disposition (used here for conversion and withholding).
- Footnote: Vesting of restricted shares awarded on 05/05/2025.
- Shares owned after transaction: Not specified in the provided filing details.
Context
- This filing documents vesting of restricted stock and the common practice of withholding/disposing shares to satisfy tax obligations—such withholding shows up as a derivative disposition. These routine vesting/withholding transactions generally do not by themselves indicate a change in the insider’s market view.