Middlesex Water director granted 865 MSEX shares

Rhea-AI Filing Summary

HOGLUND ROBERT N reported acquisition or exercise transactions in this Form 4 filing.

Middlesex Water Co director Robert N. Hoglund received a stock award of 865 shares of Common Stock (Book) on April 1, 2026. The grant was recorded at a reference price of $52.05 per share under the company’s Outside Director Stock Compensation Plan.

Following this award, he directly holds 865 shares of Common Stock (Book) and 2,000 shares of Common Stock (Street), reflecting his current reported equity position as a director.

Insights

Equity Compensation Analyst

Routine director stock grant; modest size, neutral signal.

Director Robert N. Hoglund received an equity award of 865 shares of Middlesex Water Co Common Stock (Book) on April 1, 2026. The award is tied to the company’s Outside Director Stock Compensation Plan, indicating a standard form of non-cash board compensation.

The reference value is $52.05 per share, based on the close of business on March 31, 2026, as noted in the footnote. This type of grant does not involve an open-market purchase or sale and is generally viewed as routine, with limited standalone impact on the investment thesis.

Insider Trade Summary

Net Buyer: 865 shares

Net Buy 2 txns

Insider HOGLUND ROBERT N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock (Book)	865	$52.05	$45K
holding	Common Stock (Street)	--	--	--

Holdings After Transaction: Common Stock (Book) — 865 shares (Direct); Common Stock (Street) — 2,000 shares (Direct)

Footnotes (1)

1. F1. Price as of close of business March 31, 2026, in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan.

Key Figures

Stock grant size: 865 shares Reference price per share: $52.05 Book shares held after grant: 865 shares +1 more

4 metrics

Stock grant size 865 shares Common Stock (Book) award to director on April 1, 2026

Reference price per share $52.05 Close of business March 31, 2026 for director stock grant

Book shares held after grant 865 shares Common Stock (Book) directly held following the reported acquisition

Street shares held 2,000 shares Common Stock (Street) directly held as reported in holding entry

Key Terms

Outside Director Stock Compensation Plan, Common Stock (Book), Common Stock (Street), Grant, award, or other acquisition

4 terms

Outside Director Stock Compensation Plan financial

"in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan"

Common Stock (Book) financial

"security_title: "Common Stock (Book)""

Common Stock (Street) financial

"security_title: "Common Stock (Street)""

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

What did Middlesex Water Co (MSEX) director Robert Hoglund report in this Form 4?

Director Robert N. Hoglund reported receiving an award of 865 shares of Middlesex Water Co Common Stock (Book). The shares were granted under the company’s Outside Director Stock Compensation Plan as part of his board compensation, not through an open-market purchase.

How many Middlesex Water Co (MSEX) shares did Robert Hoglund receive and at what price?

Robert N. Hoglund received 865 shares of Common Stock (Book) valued at a reference price of $52.05 per share. The price is based on the close of business on March 31, 2026, in line with the Outside Director Stock Compensation Plan provisions.

Is the Middlesex Water Co (MSEX) Form 4 transaction a market buy or a stock grant?

The Form 4 shows a stock grant, not an open-market buy. The transaction is coded as an acquisition (grant, award, or other acquisition) of 865 Common Stock (Book) shares under the Outside Director Stock Compensation Plan, reflecting routine director equity compensation.

How many Middlesex Water Co (MSEX) shares does Robert Hoglund hold after this Form 4?

After the reported transactions, Robert N. Hoglund directly holds 865 shares of Common Stock (Book) and 2,000 shares of Common Stock (Street). These entries show his reported direct equity position in different account types rather than additional open-market transactions.

What does the Outside Director Stock Compensation Plan mean for MSEX directors?

The Outside Director Stock Compensation Plan provides Middlesex Water Co directors with stock-based compensation. In this case, it granted Robert N. Hoglund 865 Common Stock (Book) shares at a reference price set by the March 31, 2026 closing price, aligning director pay partly with shareholder interests.

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Accepted by SEC EDGAR 04/01/2026 - 09:07 AM 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^*

HOGLUND ROBERT N

(Last) (First) (Middle)

485-C ROUTE 1 SOUTH, SUITE 400

(Street)

ISELIN NEW JERSEY 08830

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MIDDLESEX WATER CO [ MSEX ]

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)
04/01/2026

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
Common Stock (Book)	04/01/2026		A		865	A	$52.05(1)	865	D
Common Stock (Street)								2,000	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

Explanation of Responses:

1. Price as of close of business March 31, 2026, in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan.

Remarks:

	/s/Jay L. Kooper, Power of Attorney for Robert N. Hoglund	04/01/2026
	** 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)