ARTNA CIO Pierre Anderson Receives Vested Restricted Shares

What Happened Pierre A. Anderson, Chief Information Officer and Senior VP of Artesian Resources (ARTNA), received 750 restricted shares that vested on 2026-09-16. The filing shows an acquisition of 750 shares at $35.07 each (total value $26,303) and a simultaneous disposition of 750 shares (derivative) at the same price — consistent with share withholding to satisfy tax obligations upon vesting. This is not an open-market purchase or sale for investment purposes but a routine vesting event.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-17 (timely).
• Acquisition: 750 shares @ $35.07 ($26,303) — recorded as "Other acquisition or disposition (J)".
• Disposition: 750 shares (derivative) @ $35.07 ($26,303) — likely withheld for taxes.
• Footnote: F1 — these were restricted shares awarded on 09/16/2025 that vested.
• Shares owned after the transaction: not specified in this filing.

Context This appears to be a standard vesting of previously granted restricted stock with shares withheld to cover taxes. Such internal, tax-related withholdings are routine and do not necessarily signal insider buying or selling intent in the market.