Middlesex Water (NASDAQ: MSEX) VP-IT gets 2,140-share restricted stock grant

Q: How many Middlesex Water (MSEX) shares did the VP-IT receive as a new award?

The VP-IT received a current-year award of 2,140 Restricted Stock shares . These shares were recorded at a reference price of $52.05 per share and represent a non-cash equity compensation grant rather than an open-market purchase of Middlesex Water stock.

Q: Were any Middlesex Water (MSEX) shares sold on the open market in this Form 4?

The Form 4 shows no open-market sales or purchases . Instead, 338 shares were surrendered to Middlesex Water to satisfy tax withholding obligations arising from the vesting of Restricted Stock, which is an administrative disposition rather than a discretionary market trade.

Q: What happened to the previously awarded Restricted Stock for Middlesex Water (MSEX) VP-IT?

Previously granted Restricted Stock partially vested . The filing notes that 759 restricted shares originally awarded have now vested and been released to the VP-IT, with a portion of those shares surrendered back to Middlesex Water to cover tax withholding triggered by the vesting.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Middlesex Water Company VP-IT Georgia M. Simpson received a grant of 2,140 shares of Restricted Stock on April 1, 2026 at a reference price of $52.05 per share. This represents her current-year restricted stock award.

On the same date, 759 previously awarded restricted shares vested and were released, while 338 shares were surrendered back to the company to satisfy tax withholding obligations, leaving 1,057 common shares held in book form. Additional directly held positions include small balances in a dividend reinvestment plan and street-name shares.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Simpson Georgia M

Role VP-IT

Type	Security	Shares	Price	Value
Grant/Award	Common Stock (Restricted Stock Book)	2,140	$52.05	$111K
Other	Common Stock (Restricted Stock Book)	759	$52.05	$40K
Tax Withholding	Common Stock (Book)	338	$52.05	$18K
holding	Common Stock (DRP)	--	--	--
holding	Common Stock (Street)	--	--	--

Holdings After Transaction: Common Stock (Restricted Stock Book) — 6,323 shares (Direct); Common Stock (Book) — 1,057 shares (Direct); Common Stock (DRP) — 12.485 shares (Direct); Common Stock (Street) — 200 shares (Direct)

Footnotes (1)

Represents the number of shares of Restricted Stock awarded for the current year. Represents the number of shares of Restricted Stock originally awarded that have now vested. Represents the number of shares released to the awardee after choosing to surrender shares back to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

Key Figures

Restricted stock award: 2,140 shares Reference price: $52.05 per share Restricted shares after grant: 6,323 shares +5 more

8 metrics

Restricted stock award 2,140 shares Current-year Restricted Stock granted at $52.05 per share on April 1, 2026

Reference price $52.05 per share Price associated with Restricted Stock transactions on April 1, 2026

Restricted shares after grant 6,323 shares Total Restricted Stock (book) directly held after award transaction

Vested restricted shares 759 shares Restricted Stock originally awarded that have now vested and been released

Shares surrendered for taxes 338 shares Common Stock delivered back to issuer to satisfy tax withholding

Restricted stock after vesting 5,564 shares Restricted Stock (book) directly held following vesting-related adjustment

Common stock (book) holding 1,057 shares Direct common stock (book) position after tax-withholding disposition

DRP common stock holding 12.4851 shares Direct holding through dividend reinvestment plan after reported date

Key Terms

Restricted Stock, vested, tax withholding obligations, Dividend Reinvestment Plan (DRP), +1 more

5 terms

Restricted Stock financial

"Represents the number of shares of Restricted Stock awarded for the current year."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vested financial

"Represents the number of shares of Restricted Stock originally awarded that have now vested."

tax withholding obligations financial

"choosing to surrender shares back to the Issuer to satisfy the tax withholding obligations that arose"

Dividend Reinvestment Plan (DRP) financial

"Common Stock (DRP)"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 12:21 PM

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^*

Simpson Georgia M

(Last)

(First)

(Middle)

485C 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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock (Restricted Stock Book)	04/01/2026		A		2,140⁽¹⁾	A	$52.05	6,323	D
Common Stock (Restricted Stock Book)	04/01/2026		J		759⁽²⁾	D	$52.05	5,564	D
Common Stock (Book)	04/01/2026		F		338⁽³⁾	A	$52.05	1,057	D
Common Stock (DRP)								12.4851	D
Common Stock (Street)								200	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the number of shares of Restricted Stock awarded for the current year.

2. Represents the number of shares of Restricted Stock originally awarded that have now vested.

3. Represents the number of shares released to the awardee after choosing to surrender shares back to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

Remarks:

	/s/Jay L. Kooper, Power of Attorney for Georgia M. Simpson	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Middlesex Water (MSEX) report for Georgia M. Simpson?

Middlesex Water reported a compensation-related stock grant to VP-IT Georgia M. Simpson. She received 2,140 shares of Restricted Stock, had 759 previously awarded shares vest, and surrendered 338 shares back to the company to cover tax withholding obligations linked to that vesting.

How many Middlesex Water (MSEX) shares did the VP-IT receive as a new award?

The VP-IT received a current-year award of 2,140 Restricted Stock shares. These shares were recorded at a reference price of $52.05 per share and represent a non-cash equity compensation grant rather than an open-market purchase of Middlesex Water stock.

Were any Middlesex Water (MSEX) shares sold on the open market in this Form 4?

The Form 4 shows no open-market sales or purchases. Instead, 338 shares were surrendered to Middlesex Water to satisfy tax withholding obligations arising from the vesting of Restricted Stock, which is an administrative disposition rather than a discretionary market trade.

What happened to the previously awarded Restricted Stock for Middlesex Water (MSEX) VP-IT?

Previously granted Restricted Stock partially vested. The filing notes that 759 restricted shares originally awarded have now vested and been released to the VP-IT, with a portion of those shares surrendered back to Middlesex Water to cover tax withholding triggered by the vesting.

How many Middlesex Water (MSEX) common shares does the VP-IT hold in book form after these transactions?

After the tax-withholding disposition, the VP-IT directly holds 1,057 shares of Middlesex Water common stock in book form. The filing also lists additional, smaller direct holdings through a dividend reinvestment plan and in street-name, reflecting her overall equity position.