ARTESIAN director receives 1,000-share restricted stock grant

ARTESIAN RESOURCES CORP director Michael Houghton reported equity compensation-related transactions involving Class A Non-voting Common Stock.

Rhea-AI Filing Summary

ARTESIAN RESOURCES CORP director Michael Houghton reported equity compensation-related transactions involving Class A Non-voting Common Stock. On May 5, 2026, 1,000 restricted shares vested and were reflected as 1,000 shares of Class A Non-voting Common Stock at $31.41 per share, bringing his direct holdings of that class to 4,000 shares. The filing also shows a new Restricted Stock Grant for 1,000 derivative shares tied to the same class, with a conversion price of $0.00 per share and 1,000 derivative shares outstanding after the grant. All transactions were coded as compensation or other non-market events, with no open‑market purchases or sales reported.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Houghton Michael

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 — 4,000 shares (Direct)

Footnotes (1)

1. F1. vesting of restricted shares awarded 05/05/2025

Key Figures

Vested shares: 1,000 shares Shares held after transaction: 4,000 shares New restricted stock grant: 1,000 derivative shares +2 more

5 metrics

Vested shares 1,000 shares Class A Non-voting Common Stock at $31.41 per share on May 5, 2026

Shares held after transaction 4,000 shares Direct holdings of Class A Non-voting Common Stock following Form 4 transactions

New restricted stock grant 1,000 derivative shares Restricted Stock Grant tied to Class A Non-voting Common Stock

Conversion price $0.00 per share Conversion or exercise price for the Restricted Stock Grant units

Reference price $31.41 per share Transaction price per share used for reported equity awards on May 5, 2026

Key Terms

Restricted Stock Grant, Class A Non-voting Common Stock, transaction code J, transaction code A

4 terms

Restricted Stock Grant financial

"The filing also shows a new Restricted Stock Grant for 1,000 derivative shares"

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

"1,000 restricted shares vested and were reflected as 1,000 shares of 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.

transaction code J financial

"All transactions were coded as compensation or other non-market events, including those with transaction code J"

transaction code A financial

"The filing includes a transaction code A described as a Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did ARTNA director Michael Houghton report on May 5, 2026?

Michael Houghton reported equity compensation-related transactions on May 5, 2026. 1,000 restricted shares vested into Class A Non-voting Common Stock and a new 1,000-share Restricted Stock Grant was awarded, all at a reference price of $31.41 per share.

Did Michael Houghton buy or sell ARTNA shares in the open market?

The filing shows no open-market buys or sells by Michael Houghton. All reported activity involves vesting of restricted shares and a new Restricted Stock Grant, categorized as compensation or other non-market transactions rather than discretionary trading in the market.

How many ARTNA Class A Non-voting Common shares does Michael Houghton hold after these transactions?

After these transactions, Michael Houghton directly holds 4,000 shares of ARTESIAN RESOURCES CORP Class A Non-voting Common Stock. This reflects 1,000 shares associated with the vested restricted stock in addition to previously held shares, according to the reported post-transaction balance.

What are the details of the new Restricted Stock Grant reported by ARTNA’s director?

The new Restricted Stock Grant covers 1,000 derivative shares linked to Class A Non-voting Common Stock. It carries a conversion price of $0.00 per share, was granted at a reference price of $31.41, and leaves 1,000 derivative shares outstanding after the transaction.

What does transaction code J mean in Michael Houghton’s ARTNA Form 4 filing?

Transaction code J in this filing is described as an “Other acquisition or disposition.” Here it reflects restructuring around the vesting of restricted shares and related derivative entries, rather than a standard open-market buy or sell of ARTESIAN RESOURCES CORP stock.

What does transaction code A indicate in the ARTNA director’s Form 4?

Transaction code A indicates a “Grant, award, or other acquisition” of derivative securities. In this case, it represents the award of 1,000 Restricted Stock Grant units tied to Class A Non-voting Common Stock as part of Michael Houghton’s equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/06/2026 - 01:58 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Houghton Michael

(Last) (First) (Middle)

27527 MEDALLION AVENUE

(Street)

MILLSBORO DELAWARE 19966

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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

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

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

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
Class A Non-voting Common Stock	05/05/2026		J(1)		1,000	A	$31.41	4,000	D

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	05/05/2026		A		1,000		05/05/2027	05/06/2027	Class A Non-voting Common Stock	1,000	$31.41	1,000	D
Restricted Stock Grant	$0	05/05/2026		J(1)			1,000	05/05/2026	05/06/2026	Class A Non-voting Common Stock	1,000	$31.41	0	D

Explanation of Responses:

1. vesting of restricted shares awarded 05/05/2025

	Michael Houghton	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)