Artesian Resources director granted 1,000 restricted shares
Artesian Resources Corp director Salvatore J. Rossi Jr. reported equity compensation changes.
Rhea-AI Filing Summary
Artesian Resources Corp director Salvatore J. Rossi Jr. reported equity compensation changes. On May 5, 2026, 1,000 restricted shares vested from an award originally granted on May 5, 2025 and became Class A non-voting common stock at a reference price of $31.41 per share.
On the same date, Rossi received a new grant of 1,000 restricted stock units with a conversion price of $0.00, tied to Class A non-voting common stock and scheduled to vest on May 5, 2027. Following these compensation-related transactions, he directly holds 1,000 Class A non-voting common shares and 1,000 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Rossi Salvatore J JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Grant | 1,000 | $31.41 | $31K |
| Other | Restricted Stock Grant | 1,000 | $31.41 | $31K |
| Other | Class A Non-voting Common Stock | 1,000 | $31.41 | $31K |
Holdings After Transaction:
Restricted Stock Grant — 1,000 contracts (Direct);
Class A Non-voting Common Stock — 1,000 shares (Direct)
Footnotes (1)
- F1. vesting of restricted shares awarded on 05/05/2025
Key Figures
Vested shares: 1,000 shares
New restricted stock grant: 1,000 units
Reference price per share: $31.41 per share
+2 more
5 metrics
Vested shares
1,000 shares
Restricted shares vested into Class A non-voting common stock on May 5, 2026
New restricted stock grant
1,000 units
Restricted Stock Grant awarded May 5, 2026, linked to Class A non-voting common stock
Reference price per share
$31.41 per share
Price associated with both the vested restricted shares and the new restricted stock grant
Common shares held after
1,000 shares
Class A Non-voting Common Stock directly held following transactions
Conversion price of new grant
$0.00 per share
Conversion or exercise price for the 1,000-unit Restricted Stock Grant
Key Terms
Restricted Stock Grant, Class A Non-voting Common Stock, Other acquisition or disposition, Grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Grant financial
"The security title for two derivative transactions is listed as "Restricted Stock Grant"."
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
Class A Non-voting Common Stock financial
"The non-derivative security and underlying security title are "Class A Non-voting Common Stock"."
A Class A non-voting common stock is an ownership share that gives the holder the same economic benefits as regular common stock—such as dividends and any rise in value—but does not give the holder the right to vote on corporate decisions or board elections. For investors this matters because it affects control and influence over the company’s strategy: you can share in profits or losses like a shareholder, but you cannot help decide how the company is run, similar to renting out a property’s income without holding the deed.
Other acquisition or disposition financial
"Two transactions carry a description of transaction code J as "Other acquisition or disposition"."
Grant, award, or other acquisition financial
"One transaction with code A is described as "Grant, award, or other acquisition"."
Form 4 regulatory
"Insider Filing Data (Form 4) summarizes director transactions in Artesian Resources Corp."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ARTNA director Salvatore Rossi report?
Director Salvatore J. Rossi Jr. reported vesting of 1,000 restricted shares into Class A non-voting common stock and a new grant of 1,000 restricted stock units, both dated May 5, 2026, as equity-based compensation changes.
What new restricted stock grant did the ARTNA director receive?
Rossi received a new grant of 1,000 restricted stock units on May 5, 2026. The units have a conversion price of $0.00 per share and are linked to Class A non-voting common stock, with a scheduled vesting date of May 5, 2027.
Were there any open-market buys or sells in this ARTNA Form 4?
No open-market purchases or sales were reported. The Form 4 reflects vesting of previously granted restricted shares and a new restricted stock grant, both classified as compensation-related and coded as other acquisitions or dispositions and a grant/award, not market trades.
What are the director’s holdings after these ARTNA transactions?
After these transactions, Rossi directly holds 1,000 shares of Class A non-voting common stock and 1,000 restricted stock units. The derivative entry for the previous restricted stock grant shows zero remaining following vesting into common shares on May 5, 2026.
What do the Form 4 transaction codes J and A mean for ARTNA?
Code J here reflects other acquisitions or dispositions tied to restructuring when restricted shares vested into common stock. Code A represents a grant or award acquisition, documenting the new 1,000-unit restricted stock grant as part of the director’s equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
