REINHARD WALTER G 4

What Happened
Reinhard Walter G., a director of Middlesex Water Co. (MSEX), received an award of 865 shares (coded as an acquisition/award) on April 1, 2026. The shares were valued at $52.05 each (total value $45,023) based on the March 31, 2026 closing price per the issuer’s Outside Director Stock Compensation Plan. This was an award/grant to a non-employee director rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01
• Price used: $52.05 per share (close of business March 31, 2026; see footnote)
• Shares acquired: 865; total value reported: $45,023
• Shares owned after transaction: Not specified in the filing
• Footnote: Price determined by close of business March 31, 2026 per the Issuer's Outside Director Stock Compensation Plan (F1)
• Filing timeliness: Report filed on 2026-04-01 (no late filing indicated)

Context
This was a director compensation award under the company’s outside director plan, a common way to pay non-employee directors. Such grants are routine and don’t necessarily signal the director’s personal market view; vesting or settlement terms (if any) were not disclosed in the filing.