[Form 4/A] ARTESIAN RESOURCES CORP Amended Insider Trading Activity

Rhea-AI Filing Summary

Pierre A. Anderson, Chief Information Officer and Senior Vice President of Artesian Resources Corp (ARTNA), amended a Form 4 to disclose a restricted stock grant awarded on 09/16/2025. The award is for 750 Class A non-voting common shares, recorded as a restricted stock grant with a reported grant value of $0 and an underlying per-share reference of $32.08. The award becomes exercisable on 09/16/2026 and shows an expiration/vesting-related date of 09/17/2026. Following the reported transaction the filing lists 750 shares beneficially owned by the reporting person.

Positive

• Insider alignment: Grant of 750 restricted Class A shares ties executive compensation to shareholder outcomes.
• Timely disclosure: Amended Form 4 filed and manually signed, showing compliance with Section 16 reporting requirements.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider compensation grant; immaterial to company-wide capitalization.

The amended Form 4 documents a standard restricted stock grant to a senior officer totaling 750 Class A non-voting shares. The grant aligns executive compensation with shareholder outcomes but, at 750 shares, is small relative to typical public-company share counts and unlikely to affect market valuation or capital structure materially. The filing clarifies timing (grant date 09/16/2025, exercisable 09/16/2026) and shows a reference price of $32.08 per share, which can be used to infer the notional value stakeholders might consider when assessing executive pay.

Corporate Governance Expert

TL;DR: Governance-normal disclosure of executive equity award; no red flags in amendment.

The Form 4/A appears to be a routine amendment confirming a restricted stock award to an officer and director. Key governance details are present: role of reporting person, grant type (restricted stock), number of shares, and vesting/exercise dates. The grant value is shown as $0 on the form, which often reflects accounting or reporting conventions for restricted stock grants rather than cash payment; the amendment format and signature indicate compliance with Section 16 reporting requirements.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Anderson Pierre A

(Last) (First) (Middle)

664 CHURCHMANS ROAD

(Street)

NEWARK DE 19702

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARTESIAN RESOURCES CORP [ ARTNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Info Officer / Sr VP

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/18/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Grant	$0	09/16/2025		A		750		09/16/2026	09/17/2026	Class A Non-voting Common Stock	750	$32.08	750	D

Explanation of Responses:

	Pierre A. Anderson	09/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Pierre A. Anderson report on the Form 4/A for ARTNA?

The filing reports a restricted stock grant of 750 Class A non-voting common shares awarded on 09/16/2025, with exercisability on 09/16/2026.

How many shares does the reporting person beneficially own after the transaction?

The Form 4/A lists 750 shares beneficially owned by the reporting person following the reported transaction.

What is the reported reference price per share in the filing?

The filing shows a reference amount of $32.08 per share in the derivative/underlying security section.

When was the Form 4/A amendment signed?

The signature block shows Pierre A. Anderson signed the amendment on 09/18/2025.

What role does the reporting person hold at Artesian Resources?

Pierre A. Anderson is identified as Chief Information Officer / Senior Vice President and a director.