Fullagar Robert K 4

What Happened

• Robert K. Fullagar, President – NJ Operations of Middlesex Water (MSEX), was granted 2,128 restricted shares on 2026-04-01 at $52.05 per share (value $110,762). On the same date, transactions show 886 shares were released/disposed and 394 shares were surrendered/used to satisfy tax withholding (all priced at $52.05; dispositions/withholdings valued at $46,116 and $20,508 respectively). The primary activity is a compensation award (acquisition of restricted stock) with routine tax-withholding share surrender.

Key Details

• Transaction date: 2026-04-01; price for all entries: $52.05 per share.
• Grant: 2,128 shares (A) — $110,762 total.
• Release/Disposition: 886 shares (J) — $46,116 total.
• Tax withholding/surrender: 394 shares (F) — $20,508 total.
• Footnotes: F1 = current-year restricted stock award; F2 = originally awarded shares that vested; F3 = shares surrendered to issuer to satisfy tax withholding on vesting.
• Shares owned after transaction: not provided in the supplied data.
• Filing/timeliness: Report filed 2026-04-01 for transactions dated 2026-04-01, indicating a timely filing in the provided record.

Context

• This set of entries reflects standard equity compensation mechanics: an award of restricted stock, vesting/release of previously awarded shares, and surrender/withholding of shares to cover taxes. Such compensation transactions are routine and generally reflect payroll/benefit actions rather than open-market buying or selling decisions by the insider.