Artesian (ARTNA) GC Courtney A. Emerson Vests Restricted Shares

What Happened

• Courtney A. Emerson, General Counsel & Secretary of Artesian Resources Corp (ARTNA), had restricted stock vest on 2026-09-16. The filing shows an acquisition of 750 shares at $35.07 each (value $26,303) due to vesting, and a simultaneous disposition of 750 shares (recorded as a derivative) at the same price/value. This pattern indicates shares vested and an equal number were withheld/disposed to cover tax withholding—routine compensation activity rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-16; Price: $35.07 per share; Amount: 750 shares; Total value each leg: $26,303.
• Disposal is listed as a derivative transaction (i.e., shares withheld/disposed to satisfy tax withholding).
• Footnote F1: These shares vested from restricted shares awarded on 09/16/2025.
• Filing date: 2026-09-17 (filed the day after the transaction), which is timely under Form 4 reporting rules.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• Vesting of restricted shares is compensation and typically reflects routine employee or executive pay; it does not by itself indicate a buy or sell decision about the stock. The simultaneous withholding/disposition is common to cover tax obligations at vesting and can result in little or no net change in the insider’s holdings.