Sorensen Gregory S 4
Research Summary
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Middlesex Water COO Gregory S. Sorensen Receives Award
What Happened Gregory S. Sorensen, COO of Middlesex Water Co. (MSEX), was awarded 4,983 restricted shares on April 1, 2026. The award is recorded at $52.05 per share, for a total value of $259,365. This transaction is an award/grant (code A) — an acquisition via restricted stock as part of compensation, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-01; Price per share: $52.05; Shares awarded: 4,983; Total value: $259,365.
- Transaction type: Award/Grant (code A) of restricted stock.
- Footnote: F1 — represents the number of shares of Restricted Stock awarded for the current year.
- Filing: Form 4 filed with accession 0001628280-26-022612 on 2026-04-01 (same date as the transaction), indicating a timely report.
- Shares owned after transaction: Not reported in the provided filing details.
Context Restricted stock awards are typically part of executive compensation and often vest over time or are subject to other restrictions; they do not necessarily indicate immediate buying or selling intent. Because this is a compensation grant (not a purchase or sale), it’s primarily informative about executive pay rather than a direct signal of the insider’s market view.