The modest net buying (excluding the non-cash award) suggests mild insider confidence, but the activity is not large enough to signal strong conviction. Monitor for follow-up purchases, especially from C-suite executives, ahead of earnings or regulatory filings.
Price Chart
Executive Summary
Middlesex Water Co (MSEX) saw a mixed insider trading cluster over the past week, led by a large non-cash share award to CEO Nadine Duchemin-Leslie worth $250K, an open-market purchase of $109K by board member Robert Hoglund, and a small sale of $7K by Controller Robert Capko. The CEO's award is a routine compensation event with no economic cost, while the board member's buying adds modest positive signal.
Key Financial Metrics
Key Facts
- CEO Nadine Duchemin-Leslie was awarded 4,630 shares at $54, valued at $250,020 — a non-cash compensation event (Form 4 code A)
- Board member Robert Hoglund purchased 2,000 shares in the open market at ~$54.31, spending $108,619
- Controller Robert Capko sold 134 shares at $54.04, realizing $7,241 in proceeds
- Total open-market buying: $108,619; total open-market selling: $7,241
- The CEO's share award does not reflect open-market activity and has no direct cash impact
Financial Impact
$250K award (non-cash), $109K in open-market buying, $7K in selling
Risk Factors
- The CEO's share award may lead to minor dilution, though typical for executive compensation
- Small sample size and low dollar volume limit the signal strength of this cluster
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (3 trades, 7d window) | cluster-MSEX-1772460985654 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | Press Release | $57.30 $58.49 | ▲ +2.08% | ▼ −0.91% | $53.45 (−6.72%) |
Jul 30, 2026 9w ago | 8-K | $57.30 $58.49 | ▲ +2.08% | ▼ −0.91% | $53.45 (−6.72%) |
Apr 30, 2026 22w ago | Press Release | $50.58 $51.78 | ▼ −2.38% | ▲ +2.89% | $53.45 (−5.68%) |
Apr 24, 2026 22w ago | Press Release | $53.18 $52.08 | ▼ −2.07% | ▼ −7.02% | $53.45 (+0.51%) |
Apr 16, 2026 24w ago | Press Release | $51.31 $51.92 | ▲ +1.19% | ▼ −4.18% | $53.45 (+4.17%) |
Mar 26, 2026 27w ago | Press Release | $51.80 $53.18 | ▲ +2.66% | ▼ −10.08% | $53.45 (+3.19%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.45 (−2.12%) |
US Market Status
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