Kooper Jay L 4

What Happened

• Jay L. Kooper, VP, General Counsel & Secretary of Middlesex Water Co. (MSEX), received a grant of 2,597 restricted shares on 2026-04-01 (code A) valued at $52.05/share, totaling $135,174. On the same date 350 previously awarded restricted shares vested (code F), valued at $18,218. Also on 2026-04-01, 759 shares were surrendered/disposed (code J) back to the company to satisfy tax-withholding obligations related to the vesting, valued at $39,506. These transactions are compensation-related (awards/vesting and tax withholding), not open-market purchases or sales.

Key Details

• Transaction date(s) and price: 2026-04-01, all at $52.05 per share.
• Shares/values:
  • Awarded (A): 2,597 shares = $135,174 (F1: current-year restricted stock award).
  • Vested (F): 350 shares = $18,218 (F2: originally awarded shares that vested).
  • Surrendered/disposed (J): 759 shares = $39,506 (F3: shares surrendered to satisfy tax withholding).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-04-01 for transactions dated 2026-04-01 — appears timely.
• Transaction codes explained simply: A = award/grant of restricted stock; F = vesting/tax payment; J = other disposition (here, surrender for withholding).

Context

• This is routine compensation activity: a restricted stock grant plus vesting and tax withholding. The 759-share disposition reflects shares surrendered back to the issuer to cover taxes, not an open-market sale intended to monetize holdings.
• For retail investors: awards and vesting indicate executive compensation but do not necessarily signal immediate bullish or bearish intent. Purchases (open-market buys) are typically more informative about insider sentiment.