Zerhouni Mohammed G. 4

What Happened
Mohammed G. Zerhouni, Senior VP, Chief Financial Officer and Treasurer of Middlesex Water Co. (MSEX), was granted 5,927 shares of restricted stock on April 1, 2026. The grant is reported as an acquisition (transaction code A) at an imputed price of $52.05 per share, for a total reported value of $308,500. This was an award/compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01
• Transaction type/code: Award/Grant (A)
• Shares granted: 5,927 restricted shares
• Price used for reporting: $52.05 per share; total value $308,500
• Footnote: F1 — represents the number of restricted shares awarded for the current year
• Shares owned after transaction: Not specified in the provided filing details
• Filing timeliness: Report filed 2026-04-01 for the same transaction date (no late filing indicated)

Context
Restricted stock awards are typically part of executive compensation and usually vest over time; they represent compensation rather than an independent buy or sell decision. Such grants should be viewed as company compensation actions and not direct open-market insider purchases or sales.