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[Form 4/A] Chesapeake Utilities Amended Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

This Form 4/A filing amends a previous insider trading report for Jeffery S. Sylvester, Senior VP & COO of Chesapeake Utilities (CPK), originally filed on February 28, 2025. The amendment provides clarification on transactions that occurred on February 26, 2025.

Key transaction details:

  • 2,112 shares were earned through a performance share agreement
  • Distribution breakdown: 359 shares issued directly, 1,584 deferred stock units granted, and 169 shares used for tax liability
  • Current holdings include 12,717 shares held directly (including 9,918 deferred stock units) and 179 shares in 401k plan
  • Previously unreported: 66 shares acquired through dividend reinvestment from October 2023 through January 2025

The amendment was signed by Beth W. Cooper via Power of Attorney on June 23, 2025, providing additional transparency on the executive's equity compensation and ownership structure.

Positive

  • Senior VP & COO earned 2,112 performance shares, indicating achievement of performance targets
  • Executive maintains significant skin in the game with 12,717 shares held directly and additional indirect holdings through 401k plan

Negative

  • None.
Insider Sylvester Jeffery S
Role Senior VP & COO
Type Security Shares Price Value
Tax Withholding Common Stock 169 $126.58 $21K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 12,717 shares (Direct); Common Stock — 179 shares (Indirect, 401k Plan)
Footnotes (1)
  1. As reported on February 28, 2025, 2,112 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 359 shares were issued to the reporting individual, 1,584 deferred stock units were granted and 169 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (359 shares issued to the reporting individual + 1,584 deferred stock units + 169 shares to cover the tax liability = 2,112 total shares comprising the incentive award). Includes 66 shares that were acquired by the reporting person through the reinvestment of dividends pursuant to the Chesapeake Utilities Corporation Dividend Reinvestment and Direct Stock Purchase Plan. Such reinvestment of dividends commenced with the October 2023 dividend through the January 2025 dividend and were not previously reported. Includes 9,918 deferred stock units that will be settled on a one-for-one basis in common stock.
Form 4 Insider Transactions: What Each Field Means →
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*
Sylvester Jeffery S
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP & COO
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 169(1) D $126.58 12,717(2)(3) D
Common Stock 179 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, 2,112 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 359 shares were issued to the reporting individual, 1,584 deferred stock units were granted and 169 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (359 shares issued to the reporting individual + 1,584 deferred stock units + 169 shares to cover the tax liability = 2,112 total shares comprising the incentive award).
2. Includes 66 shares that were acquired by the reporting person through the reinvestment of dividends pursuant to the Chesapeake Utilities Corporation Dividend Reinvestment and Direct Stock Purchase Plan. Such reinvestment of dividends commenced with the October 2023 dividend through the January 2025 dividend and were not previously reported.
3. Includes 9,918 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many shares of CPK stock did Jeffery Sylvester dispose of on February 26, 2025?

Jeffery Sylvester, Senior VP & COO of Chesapeake Utilities, disposed of 169 shares at a price of $126.58 per share on February 26, 2025. These shares were used to satisfy the tax liability associated with a performance share agreement incentive award.

What is the total amount of CPK shares Jeffery Sylvester owns after the reported transaction?

Following the reported transaction, Jeffery Sylvester owns 12,717 shares directly and 179 shares indirectly through the 401k Plan. Of the direct ownership, 9,918 shares are in the form of deferred stock units that will be settled one-for-one in common stock.

What was the purpose of CPK's Form 4/A amendment filed on June 28, 2025?

The Form 4/A amendment disclosed previously unreported dividend reinvestment acquisitions of 66 shares through Chesapeake Utilities' Dividend Reinvestment and Direct Stock Purchase Plan, covering dividends from October 2023 through January 2025.

How many performance shares did CPK award to Jeffery Sylvester in the February 2025 transaction?

Jeffery Sylvester earned 2,112 total performance shares, which were distributed as follows: 359 shares issued directly, 1,584 deferred stock units granted, and 169 shares used to cover tax liability.