MSEX · Middlesex Water Co

These shares were reported as indirectly beneficially owned by the reporting person solely in his capacity as trustee of a family trust and were distributed to beneficiaries of the trust in accordance with the terms of that instrument. The reporting person received no consideration in connection with the distribution.

Mr. Bershad serves as trustee and has voting power over a family trust. Mr. Bershad disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the filing of this report shall not be deemed an admission that Mr. Bershad is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

Represents the number of shares released to the awardee after choosing to surrender shares back to Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

Represents the number of shares of Restricted Stock originally awarded that have now vested.

Represents the number of shares released to the awardee after choosing to surrender shares back to Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

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

Represents the number of shares released to the awardee after choosing to surrender shares back to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

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

Represents the number of shares of Restricted Stock originally awarded that have now vested.

Represents the number of shares released to the awardee after choosing to surrender shares back to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

Represents the number of shares of Restricted Stock awarded for current year.

Represents the number of shares released to the awardee after choosing to surrender shares back to Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

Represents the number of shares of Restricted Stock awarded for the current year.

Represents the number of shares of Restricted Stock originally awarded that have now vested.

Represents the number of shares of Restricted Stock originally awarded that have now vested.

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

Represents the number of shares of Restricted Stock awarded for current year.

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

Represents the number of shares of Restricted Stock awarded for current year.

Represents the number of shares of Restricted Stock awarded for current year.

Represents the number of shares of Restricted Stock awarded for current year.

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

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

Represents the number of shares of Restricted Stock awarded for current year.

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

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

Represents the number of shares of Restricted Stock awarded for current year.

Represents the number of shares of Restricted Stock originally awarded that have now vested.

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

Represents the number of shares of Restricted Stock originally awarded that have now vested.

Price as of close of business on March 2, 2026, the first closing price following the vesting of the award received by the Reporting Person on March 1, 2026.

Represents the number of shares released to the awardee after choosing to surrender shares back to the Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

Price as of close of business on March 2, 2026, the first closing price following the vesting of the award received by the Reporting Person on March 1, 2026.

Represents the number of shares awarded to Reporting Person pursuant to an Employment Agreement between the Reporting Person and the Issuer.

Price as of close of business February 27, 2026, the trading day immediately preceding the award date.

Upon the passing of a third-party on the reported transaction date, Mr. Bershad and his spouse became co-trustees and have voting power over a trust. Mr. Bershad disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the filing of this report shall not be deemed an admission that Mr. Bershad is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

Mr. Bershad serves as trustee and has voting power over a family trust.

The price was determined close of business as of March 31, 2025 in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan.

The price was determined close of business as of March 31, 2025 in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan.

Represents the number of shares of Restricted Stock awarded for current year.

Represents the number of shares of Restricted Stock awarded for current year.

The price was determined close of business as of March 31, 2025 in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan.

Represents the number of shares of Restricted Stock originally awarded that have now vested.

Represents the number of shares of Restricted Stock awarded for current year.

Represents the number of shares released to the awardee after choosing to surrender shares back to Issuer to satisfy the tax withholding obligations that arose in connection with the vesting of the Restricted Stock.

The price was determined close of business as of March 31, 2025 in accordance with the provision of the Issuer's Outside Director Stock Compensation Plan

Represents the number of shares of Restricted Stock originally awarded that have now vested.

Represents the number of shares of Restricted Stock awarded for current year.

Represents the number of shares of Restricted Stock originally awarded that have now vested.