Artesian Resources (ARTNA) Insider Grant: 1,000 Restricted Class A Shares

Rhea-AI Filing Summary

Artesian Resources Corp (ARTNA) reporting person Pierre A. Anderson, Chief Information Officer and Senior VP, received a restricted stock grant of 1,000 Class A non-voting shares on 09/16/2025. The grant shows $0 exercise price, 1,000 shares underlying, a referenced price of $32.08, and the shares are reported as directly beneficially owned following the transaction.

Positive

• Timely disclosure of the officer's restricted stock grant, meeting Section 16 reporting requirements
• Alignment of interests between the reporting officer and shareholders via a restricted equity award

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider restricted stock grant; aligns executive incentives without immediate cash exercise.

This Form 4 documents a time-based restricted stock grant to a senior officer, a common compensation tool to retain executives and align their interests with shareholders. The report shows direct beneficial ownership of 1,000 Class A non-voting shares after the grant. The filing is standard, timely, and provides clear ownership disclosure; there are no unusual terms or derivative instruments disclosed.

Compensation Analyst

TL;DR: Small equity grant consistent with executive compensation practices; limited near-term dilution or cash impact.

The 1,000-share restricted grant carries a $0 exercise amount and is recorded as restricted stock with a vest/exercisable window indicated between 09/16/2026 and 09/17/2026. For a company of material size, this size appears modest and is unlikely to materially affect outstanding share count or investor valuation. The disclosure meets 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

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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)

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		1,000		09/16/2026	09/17/2026	Class A Non-voting Common Stock	1,000	$32.08	1,000	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 the Form 4 filed for Artesian Resources (ARTNA) disclose?

The Form 4 shows a restricted stock grant of 1,000 Class A non-voting shares to Pierre A. Anderson on 09/16/2025, with direct beneficial ownership of 1,000 shares following the grant.

Who received the restricted stock grant reported on the Form 4?

Pierre A. Anderson, Chief Information Officer / Senior Vice President, is the reporting person who received the grant.

What are the key terms of the restricted stock reported?

The grant is for 1,000 shares of Class A non-voting common stock, shows a $0 exercise reference, and lists a date range indicating exercisability/vesting around 09/16/2026 to 09/17/2026.

Does the Form 4 indicate direct or indirect ownership after the transaction?

The filing reports the shares as direct beneficial ownership following the reported transaction.

Was a cash purchase involved in this transaction?

No cash purchase is indicated; the grant is reported with a $0 price, consistent with a restricted stock award rather than a cash exercise.