Middlesex Water director reports 6,900-share trust distribution
Middlesex Water Co director Joshua Bershad reported an "other" disposition of 6,900 shares of Common Stock previously held indirectly through a family trust.
Rhea-AI Filing Summary
Middlesex Water Co director Joshua Bershad reported an "other" disposition of 6,900 shares of Common Stock previously held indirectly through a family trust. According to the notes, these shares were distributed to trust beneficiaries in accordance with the trust terms, and no consideration was received. Bershad serves as trustee with voting power but disclaims beneficial ownership except to the extent of any pecuniary interest. Following this, he reports 1,567 Common Stock (Book) shares and 4,213 Common Stock (Street) shares held directly, plus 4,247 Street shares held indirectly by his spouse and additional shares held in custodial accounts for family members.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 6,900 shares
Other
5 txns
Insider
Bershad Joshua
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock (Street) F1, F2 | 6,900 | $0.00 | $0.00 |
| holding | Common Stock (Book) | -- | -- | -- |
| holding | Common Stock (Street) | -- | -- | -- |
| holding | Common Stock (Street) F3 | -- | -- | -- |
| holding | Common Stock (Street) | -- | -- | -- |
Holdings After Transaction:
Common Stock (Street) — 239,329 shares (Indirect, See Note);
Common Stock (Book) — 1,567 shares (Direct);
Common Stock (Street) — 4,213 shares (Direct);
Common Stock (Street) — 4,247 shares (Indirect, By Spouse of Mr. Bershad)
Footnotes (3)
- F1. These shares were reported as indirectly beneficially owned by the reporting person solely in his capacity as trustee of a family trust and were distributed to beneficiaries of the trust in accordance with the terms of that instrument. The reporting person received no consideration in connection with the distribution.
- F2. Mr. Bershad serves as trustee and has voting power over a family trust. Mr. Bershad disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the filing of this report shall not be deemed an admission that Mr. Bershad is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F3. Held in custodial accounts for the benefit of family members of the reporting person.
Key Figures
Trust distribution: 6,900 shares
Direct holdings (Book): 1,567 shares
Direct holdings (Street): 4,213 shares
+2 more
5 metrics
Trust distribution
6,900 shares
Common Stock (Street) distributed from family trust on 2026-08-11
Direct holdings (Book)
1,567 shares
Common Stock (Book) held directly after transactions on 2026-08-11
Direct holdings (Street)
4,213 shares
Common Stock (Street) held directly after transactions on 2026-08-11
Spouse indirect holdings
4,247 shares
Common Stock (Street) held indirectly by spouse of Mr. Bershad
Restructuring shares
6,900 shares
Classified as restructuring in transaction summary for code J
Key Terms
beneficial ownership, pecuniary interest, family trust, custodial accounts
4 terms
beneficial ownership regulatory
"Mr. Bershad disclaims beneficial ownership of these shares except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these shares except to the extent of his pecuniary interest"
family trust financial
"solely in his capacity as trustee of a family trust and were distributed"
custodial accounts financial
"Held in 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Joshua Bershad report for MSEX on this Form 4?
Joshua Bershad reported an "other" disposition of 6,900 Middlesex Water (MSEX) shares held indirectly in a family trust. The shares were distributed to trust beneficiaries under the trust terms, and he received no consideration for this distribution.
Does Joshua Bershad use a Rule 10b5-1 trading plan for these MSEX transactions?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative for these transactions. The footnotes describe a trust distribution of 6,900 shares, with no indication that it was executed under a 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
