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Middlesex Water (MSEX) director granted 865 shares under Outside Director Stock Plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bershad Joshua reported acquisition or exercise transactions in this Form 4 filing.

Middlesex Water Co director Joshua Bershad received 865 shares of Common Stock on April 1, 2026 as a grant under the issuer’s Outside Director Stock Compensation Plan, valued at $52.05 per share based on the March 31, 2026 closing price.

After this award, he directly holds 1,567 book-entry shares and 4,213 street-name shares. He also has indirect exposure through 230,698 shares held in a family trust where he serves as trustee, 15,531 shares in custodial accounts for family members, and 4,247 shares held by his spouse.

Positive

  • None.

Negative

  • None.

Insights

Director received routine stock grant; no open‑market buying or selling.

Middlesex Water Co granted director Joshua Bershad 865 shares of common stock at a reference value of $52.05 per share under its Outside Director Stock Compensation Plan. This is compensation-related equity, not an open-market purchase.

The filing also clarifies Bershad’s overall position, including significant indirect holdings via a family trust, custodial accounts, and his spouse. Because this is a standard director award with no sale activity, the informational impact on investors is limited and best viewed as routine governance practice.

Insider Bershad Joshua
Role Director
Type Security Shares Price Value
Grant/Award Common Stock (Book) 865 $52.05 $45K
holding Common Stock (Street) -- -- --
holding Common Stock (Street) -- -- --
holding Common Stock (Street) -- -- --
holding Common Stock (Street) -- -- --
Holdings After Transaction: Common Stock (Book) — 1,567 shares (Direct); Common Stock (Street) — 4,213 shares (Direct); Common Stock (Street) — 230,698 shares (Indirect, See Note)
Footnotes (1)
  1. Price as of close of business March 31, 2026, in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan. Mr. Bershad serves as trustee and has voting power over a family trust. Held by custodial accounts for the benefit of family members of the reporting person.
Director stock grant 865 shares Common Stock grant on April 1, 2026
Grant reference price $52.05 per share Closing price on March 31, 2026
Direct book-entry holdings 1,567 shares Common Stock (Book) after grant
Direct street-name holdings 4,213 shares Common Stock (Street) direct ownership
Family trust holdings 230,698 shares Indirect, Bershad as trustee with voting power
Custodial account holdings 15,531 shares Indirect, for benefit of family members
Spouse holdings 4,247 shares Indirect, held by spouse of Mr. Bershad
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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)"
family trust financial
"Mr. Bershad serves as trustee and has voting power over a family trust."
custodial accounts financial
"Held by custodial accounts for the benefit of family members of the reporting person."
Custodial accounts are savings or investment accounts managed by an adult for a minor until they reach a certain age. Think of it as a digital piggy bank controlled by a guardian, where money or assets are held in trust for someone too young to manage them on their own. These accounts matter to investors because they provide a way to save or invest on behalf of a child, often for future education or other needs.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Bershad Joshua
(Last)(First)(Middle)
485C ROUTE ONE 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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock (Book)04/01/2026A865A$52.05(1)1,567D
Common Stock (Street)4,213D
Common Stock (Street)230,698ISee Note(2)
Common Stock (Street)15,531ISee Note(3)
Common Stock (Street)4,247IBy Spouse of Mr. Bershad
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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.
2. Mr. Bershad serves as trustee and has voting power over a family trust.
3. Held by custodial accounts for the benefit of family members of the reporting person.
Remarks:
/s/ Jay L. Kooper, Power of Attorney for Joshua Bershad04/01/2026
** Signature of Reporting PersonDate
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