Houghton Michael 4

What Happened

• Michael Houghton, a director of Artesian Resources Corp (ARTNA), reported the vesting of restricted shares on 2026-05-05. He received 1,000 shares at $31.41 each (total value $31,410). The filing also shows a related award/derivative acquisition of 1,000 shares and a derivative disposition of 1,000 shares at the same price; the entries are tied to the vesting event rather than an open-market buy or sell.

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (timely filing).
• Reported prices and amounts:
  • J (other acquisition): 1,000 shares acquired @ $31.41 — $31,410.
  • A (award/derivative acquisition): 1,000 shares acquired (derivative) @ $31.41 — $31,410.
  • J (other disposition, derivative): 1,000 shares disposed @ $31.41 — $31,410.
• Shares owned following the transactions: not stated in the provided filing excerpt.
• Footnote F1: vesting of restricted shares awarded 05/05/2025.
• No 10b5-1 plan or late-filing indicator reported in the supplied data.

Context

• The filings indicate an RSU vesting event: restricted shares granted earlier vested and converted to common shares. The derivative disposition is consistent with share withholding/settlement (commonly used to cover taxes or statutory withholding) rather than a market sale.
• Such compensatory vesting transactions are routine for insiders and do not, by themselves, indicate a buy or sell opinion about the stock. Purchases made on the open market are typically more informative about insider sentiment.