The cluster is dominated by a routine executive stock award and related administrative entry. The modest open-market buy by a director is slightly positive, but the small sell by the controller is neutral. No strong signal of material change in business prospects. Monitor next earnings filing for operational updates.
Price Chart
Executive Summary
Middlesex Water Co (MSEX) saw a cluster of insider activity over the past week, led by CEO Nadine Duchemin-Leslie receiving a non-cash award of 4,630 shares and an additional identical transaction coded as 'Other' likely related to tax or administrative processing. Controller Robert Capko sold a small number of shares, while director Robert Hoglund bought 2,000 shares in the open market. The majority of the dollar volume stems from non-cash award events.
Key Financial Metrics
Key Facts
- CEO Nadine Duchemin-Leslie received 4,630 shares via grant (Form 4 code A) valued at $250,020 and a matching 'Other' transaction (code P?) of 4,630 shares valued at $252,566.50, likely non-cash and administrative in nature.
- Controller Robert Capko sold 134 shares in the open market (code S) for $7,241.36.
- Director Robert Hoglund purchased 2,000 shares in the open market (code P) for $108,618.80.
- Total open-market buying: $108,618.80; Total open-market selling: $7,241.36.
- Non-cash transactions (grant and 'Other') account for ~$502,586.50 of the total reported value but represent no direct market activity or insider cash flow.
Financial Impact
$108,619 in net open-market buying by a director, offset by minor selling from the controller; CEO's large transactions were non-cash awards.
Risk Factors
- Misinterpretation of the CEO's 'Other' transaction as open-market buying when it is likely a non-cash administrative event.
- Small sample size and low dollar volume in actual trading limits predictive power.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (4 trades, 7d window) | cluster-MSEX-1772571619983 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 30, 2026 9w ago | Press Release | $57.30 $58.49 | ▲ +2.08% | ▼ −0.91% | $53.56 (−6.53%) |
Jul 30, 2026 9w ago | 8-K | $57.30 $58.49 | ▲ +2.08% | ▼ −0.91% | $53.56 (−6.53%) |
Apr 30, 2026 22w ago | Press Release | $50.58 $51.78 | ▼ −2.38% | ▲ +2.89% | $53.56 (−5.90%) |
Apr 24, 2026 23w ago | Press Release | $53.18 $52.08 | ▼ −2.07% | ▼ −7.02% | $53.56 (+0.71%) |
Apr 16, 2026 24w ago | Press Release | $51.31 $51.92 | ▲ +1.19% | ▼ −4.18% | $53.56 (+4.39%) |
Mar 26, 2026 27w ago | Press Release | $51.80 $53.18 | ▲ +2.66% | ▼ −10.08% | $53.56 (+3.40%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
Feb 25, 2026 31w ago | Insider Cluster | $54.61 $51.11 | ▼ −6.41% | ▼ −1.17% | $53.56 (−1.92%) |
US Market Status
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