Middlesex Water Co — Schedule 13G/A amendment: The Vanguard Group reports 0 shares beneficially owned of Middlesex Water Co common stock, representing 0% of the class. The filing explains an internal realignment effective January 12, 2026, causing disaggregated reporting by Vanguard subsidiaries.
The filing is signed by Ashley Grim, Head of Global Fund Administration, on 03/27/2026.
Middlesex Water Company has appointed Tatyana Kaplan as Vice President and Chief Accounting Officer, effective March 26, 2026. She replaces Robert J. Capko as Principal Accounting Officer; he will remain with the company as Corporate Controller.
The company also entered into a detailed change in control termination agreement with Kaplan. If a defined change in control occurs and her employment is subsequently terminated without cause or she resigns for specified “Good Reason” within two years, she is eligible for a lump-sum severance based on a multiple of her compensation, continued health and welfare benefits for up to 24 months, payment of deferred compensation, and accelerated vesting of unvested equity awards. The agreement also covers notice procedures, dispute arbitration in New Jersey, and successor obligations in the event the company is acquired.
Middlesex Water director Joshua Bershad reported changes to how certain shares are held, driven by trust and custodial arrangements rather than market trades. A Form 4 entry with code J records an “other” transaction involving 213,365 shares of common stock, categorized as a restructuring of indirect holdings, bringing that indirect position to 230,698 shares.
Footnotes explain that, upon the passing of a third party, Bershad and his spouse became co‑trustees with voting power over a trust, and Bershad disclaims beneficial ownership of those shares except for any pecuniary interest. Additional entries show direct holdings of common stock in book‑entry and street name and other indirect holdings through a family trust, custodial accounts for family members, and shares held by his spouse. Two footnotes note corrections to prior reports that had inadvertently double‑counted 100 shares and 17,333 shares, with this filing presenting the corrected balances.
Middlesex Water Company director Walter G. Reinhard reported an open-market sale of 300 shares of common stock at $55.21 per share on March 4, 2026. After this transaction, he directly owns 6,051 shares of Middlesex Water common stock.
Middlesex Water Company President and CEO Leslie Nadine Duchemin reported equity compensation activity involving common stock. An award of 4,630 shares of restricted stock vested, at a reference price of $54.55 per share as of the first closing price following vesting.
In connection with this vesting, 2,336 shares of common stock were surrendered in a tax-withholding disposition to cover tax obligations arising from the restricted stock vesting. These transactions reflect routine equity award vesting and related tax withholding rather than open-market purchases or sales.
Duchemin-Leslie Nadine reported acquisition or exercise transactions in this Form 4 filing.
Middlesex Water Company President and CEO Leslie Nadine Duchemin received a grant of 4,630 shares of restricted common stock at a reference price of $54 per share. The award was made under her employment agreement, using the share price as of the close on February 27, 2026.
Following this grant, she directly holds 11,307 restricted shares and a separate direct holding of 4,793 common shares, aligning a portion of her compensation with shareholder interests through equity.
Middlesex Water Co director Robert N. Hoglund bought 2,000 shares of common stock in an open-market transaction. The shares were acquired at an average price of $54.3094 per share on 2026-02-27, bringing his directly owned stake to 2,000 shares.
Middlesex Water Company executive reports small stock sale
Middlesex Water Company’s PAO & Controller, Robert John Capko, reported an open-market sale of 134 shares of common stock at a price of $54.04 per share. After this sale, he reported no directly held common stock and 1,962 shares of restricted stock held directly.
Middlesex Water Company entered into an amendment to its at-the-market equity sales agreement on February 20, 2026. The agreement allows ongoing sales of common stock, from time to time at prevailing market prices, in an amount not to exceed $110,000,000.
The amendment removes Janney Montgomery Scott LLC as a sales agent and adds Huntington Securities, Inc. as a new sales agent, while BofA Securities, Inc. and Robert W. Baird & Co. Incorporated remain parties. All other terms of the at-the-market offering, including sales method, commissions, and the maximum aggregate amount, remain unchanged.
Middlesex Water Company updated its prospectus supplement for an up to $110,000,000 offering of common stock, stating sales may be made as an at-the-market offering through designated sales agents.
The supplement reflects an February 20, 2026 amendment that adds Huntington Securities, Inc. as a Sales Agent and removes Janney Montgomery Scott LLC. It also incorporates the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The filing discloses that approximately 560,000 shares have been sold for gross proceeds of about $30,000,000, leaving about $80,000,000 available under the registered amount. The last reported Nasdaq sale price was $54.47 per share on February 19, 2026.