Artesian director receives 1,000 restricted stock units

Artesian Resources Corp director John R. Eisenbrey Jr. reported a restructuring of equity awards involving Class A non-voting common stock.

Rhea-AI Filing Summary

Artesian Resources Corp director John R. Eisenbrey Jr. reported a restructuring of equity awards involving Class A non-voting common stock. On May 5, 2026, 1,000 restricted shares vested (from an award dated 05/05/2025) and became 1,000 shares of Class A non-voting common stock at an indicated value of $31.41 per share, bringing his direct holdings in this class to 56,751 shares. On the same date, he also received a new grant of 1,000 restricted stock units tied to the same class, with no exercise price and a future vesting date in 2027, reflecting routine compensation rather than an open-market purchase or sale.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider EISENBREY JOHN R 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 — 56,751 shares (Direct)

Footnotes (1)

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

Key Figures

Vested restricted shares: 1,000 shares New restricted stock grant: 1,000 shares Per-share value for awards: $31.41 per share +2 more

5 metrics

Vested restricted shares 1,000 shares Restricted shares awarded 05/05/2025 vesting on 05/05/2026

New restricted stock grant 1,000 shares Grant dated 05/05/2026 with vesting in 2027

Per-share value for awards $31.41 per share Applied to both vesting and new restricted grant

Post-transaction holdings 56,751 shares Class A non-voting common stock held directly after transactions

Restructuring transactions 2,000 shares affected TransactionSummary restructuringShares for J-code entries

Key Terms

Restricted Stock Grant, Class A Non-voting Common Stock, Grant, award, or other acquisition, Other acquisition or disposition

4 terms

Restricted Stock Grant financial

"The filing lists a security titled "Restricted Stock Grant" with 1,000 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

"Transactions involve Class A Non-voting Common Stock as the underlying security"

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.

Grant, award, or other acquisition regulatory

"One transaction has code A with description "Grant, award, or other acquisition""

Other acquisition or disposition regulatory

"Two J-code entries are described as "Other acquisition or disposition""

FAQ

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

What insider transaction did ARTNA director John R. Eisenbrey Jr. report?

Director John R. Eisenbrey Jr. reported vesting of 1,000 previously awarded restricted shares and receipt of a new 1,000-share restricted stock grant. Both relate to Class A non-voting common stock and appear as compensation-based equity movements rather than open-market trades.

How many Artesian Resources (ARTNA) shares does the director hold after this Form 4?

After these transactions, John R. Eisenbrey Jr. directly holds 56,751 shares of Class A non-voting common stock. This figure reflects his updated ownership following the vesting of 1,000 restricted shares, as shown in the Form 4 data.

Was the ARTNA Form 4 a buy or sell of common stock?

The Form 4 does not show an open-market buy or sell. It records vesting of 1,000 restricted shares into Class A non-voting common stock and a new 1,000-share restricted stock grant, both categorized as other or grant-type acquisitions.

What is the value per share used for John R. Eisenbrey Jr.’s ARTNA award?

The transactions reference a price of $31.41 per share for the 1,000-share vesting and the 1,000-share restricted stock grant. This value is used consistently for both the non-derivative and derivative entries on the reported transaction date.

What does the new 1,000-share restricted stock grant for ARTNA represent?

The new 1,000-share restricted stock grant represents an equity compensation award. It is recorded as a derivative security with a zero exercise price, tied to 1,000 shares of Class A non-voting common stock, and is scheduled to vest in 2027 according to the provided dates.

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

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Accepted by SEC EDGAR 05/06/2026 - 01:28 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^*

EISENBREY JOHN R JR

(Last) (First) (Middle)

1 BASSETT AVENUE

(Street)

REHOBOTH DELAWARE 19971

(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	56,751	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 on 05/05/2025

	John R. Eisenbrey, Jr.	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)