Middlesex Water (MSEX) director receives 865-share stock grant

Rhea-AI Filing Summary

NOBLE ANN L. reported acquisition or exercise transactions in this Form 4 filing.

Middlesex Water Company director Ann L. Noble received a grant of 865 shares of common stock on April 1, 2026. The award was made at a reference price of $52.05 per share under the issuer's Outside Director Stock Compensation Plan and is held in book-entry form.

A separate holding entry shows she directly owns 4,131 shares of common stock in street name following this update. The transactions reflect routine equity compensation rather than any open‑market buying or selling activity.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider NOBLE ANN L.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock (Book)	865	$52.05	$45K
holding	Common Stock (Street)	--	--	--

Holdings After Transaction: Common Stock (Book) — 865 shares (Direct); Common Stock (Street) — 4,131 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Director stock grant: 865 shares Grant reference price: $52.05 per share Book-entry holdings after grant: 865 shares +1 more

4 metrics

Director stock grant 865 shares Grant of common stock on April 1, 2026

Grant reference price $52.05 per share Price as of March 31, 2026 close under director plan

Book-entry holdings after grant 865 shares Common Stock (Book) directly owned after transaction

Street-name holdings 4,131 shares Common Stock (Street) directly owned following holding update

Key Terms

Outside Director Stock Compensation Plan, Common Stock (Book), Common Stock (Street), grant, award, or other acquisition

4 terms

Outside Director Stock Compensation Plan financial

"in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan"

Common Stock (Book) financial

"security_title: Common Stock (Book)"

Common Stock (Street) financial

"security_title: Common Stock (Street)"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NOBLE ANN L.

(Last) (First) (Middle)

485C ROUTE 1 SOUTH

SUITE 400

(Street)

ISELIN NEW JERSEY 08830

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MIDDLESEX WATER CO [ MSEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock (Book)	04/01/2026		A		865	A	$52.05(1)	865	D
Common Stock (Street)								4,131	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Price as of close of business March 31, 2026, in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan.

Remarks:

	/s/Jay L. Kooper, Power of Attorney for Ann L. Noble	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did MSEX director Ann L. Noble report?

Ann L. Noble reported receiving a grant of 865 Middlesex Water common shares. The award is classified as a grant or other acquisition and represents routine director equity compensation rather than an open‑market stock purchase or sale.

At what price was Ann L. Noble’s MSEX stock grant valued?

The 865-share grant to Ann L. Noble was valued at $52.05 per share. A footnote states this price reflects the March 31, 2026 closing price under the company’s Outside Director Stock Compensation Plan.

How many Middlesex Water shares does Ann L. Noble hold after this filing?

After the reported entries, Ann L. Noble holds 865 Middlesex Water shares in book‑entry form and 4,131 shares in street name. Both positions are reported as directly owned common stock in the Form 4 filing.

Is Ann L. Noble’s MSEX stock grant an open‑market purchase?

No, the 865-share transaction is coded as a grant or other acquisition, not an open‑market purchase. A footnote links it to the Outside Director Stock Compensation Plan, indicating compensation rather than discretionary market buying.

What plan governed Ann L. Noble’s Middlesex Water stock grant?

The stock grant was made under Middlesex Water’s Outside Director Stock Compensation Plan. The filing notes the share price equals the March 31, 2026 closing price, consistent with the plan’s provisions for valuing director equity awards.