Chesapeake Utilities insider filing shows 1.3k shares tax withheld

Rhea-AI Filing Summary

Chesapeake Utilities Corp. (CPK) – Form 4/A insider transaction

President, CEO, Chair and Director Jeffry M. Householder reported a Rule 16(a) amendment covering a transaction dated 02/26/2025. The filing shows a transaction code “F”, indicating the issuer withheld 1,304 common shares at $126.58 per share, typically to satisfy tax obligations related to equity compensation. No open-market purchase or sale occurred.

After the withholding, Householder’s beneficial ownership stands at 75,729 directly held shares—this figure includes 30,845 deferred stock units that will convert 1-for-1 into common stock—and 506 shares held indirectly in the company’s 401(k) plan. No derivative securities were reported.

The amendment references the original 02/28/2025 filing that disclosed the earning of 11,088 performance shares under a performance share agreement. Householder’s roles remain unchanged: he continues as President & CEO, Chair of the Board, and Director.

The disclosure is administrative in nature and does not signal strategic or operating changes for Chesapeake Utilities.

Insights

Financial Analyst

TL;DR: Routine tax-withholding; negligible market impact.

The “F” code confirms shares were withheld by the issuer, not sold in the open market. Householder retains a sizeable 75.7k-share stake, underlining management alignment but offering no new insight into fundamental performance. No derivatives or additional transactions surfaced, so dilution and insider sentiment remain unchanged. From a valuation or liquidity standpoint, this filing is immaterial.

Corporate Governance Expert

TL;DR: Administrative amendment, governance posture unchanged.

The amendment corrects or supplements the prior 02/28/2025 Form 4. All required Section 16 elements are present, and the signing authority via POA (Beth W. Cooper) is properly disclosed. No red flags on reporting timeliness or accuracy. Insider continues to hold a meaningful equity position, supporting shareholder alignment, but the event carries no governance risk.

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^*

Householder Jeffry M

(Last) (First) (Middle)

500 ENERGY LANE

(Street)

DOVER DE 19901

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CHESAPEAKE UTILITIES CORP [ CPK ]

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

X	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	President & CEO		Chair of the Board

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/28/2025

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

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

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	02/26/2025		F		1,304(1)	D	$126.58	75,729(2)	D
Common Stock								506	I	401k Plan

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. As reported on February 28, 2025, 11,088 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual.

2. Includes 30,845 deferred stock units that will be settled on a one-for-one basis in common stock.

	Beth W. Cooper, by Power of Attorney	06/23/2025
	** 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.

FAQ

What kind of transaction did CPK CEO Jeffry Householder report on the Form 4/A?

The filing shows a code “F” transaction, meaning 1,304 shares were withheld by the issuer for tax purposes.

How many Chesapeake Utilities (CPK) shares does Householder own after the transaction?

He directly owns 75,729 shares (including 30,845 deferred stock units) and indirectly owns 506 shares via the 401(k) plan.

At what price were the withheld shares valued?

The shares were valued at $126.58 each.

When did the underlying transaction occur and when was it amended?

The transaction date is 02/26/2025; the amendment references the original filing dated 02/28/2025.

Were any derivative securities involved in this Form 4/A filing?

No. No derivative securities were acquired or disposed of in this report.

Did the filing indicate any changes to Householder’s roles at Chesapeake Utilities?

No. He remains President & CEO, Chair of the Board, and Director.