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Chesapeake Utilities Executive Earns $548K in Performance Awards Amid Strong Results

Filing Impact
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Filing Sentiment
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Form Type
4/A

Rhea-AI Filing Summary

This Form 4/A filing amends a previously filed Form 4 for James F. Moriarty, Executive VP & General Counsel of Chesapeake Utilities (CPK), regarding transactions on February 26, 2025.

Key transaction details:

  • 4,330 shares were earned through a performance share agreement
  • 2,696 shares were directly issued to Moriarty
  • 1,634 shares were used to satisfy tax liability at $126.58 per share

Following these transactions, Moriarty's beneficial ownership consists of:

  • 32,890 shares held directly (including 12,197 deferred stock units)
  • 542 shares held indirectly through 401k Plan

This amendment was filed on June 28, 2025, correcting the original Form 4 filed on February 28, 2025. The filing was executed by Beth W. Cooper through Power of Attorney.

Positive

  • Executive VP & General Counsel earned 4,330 performance shares, indicating successful achievement of performance targets

Negative

  • None.
Insider Moriarty James F
Role Executive VP & General Counsel
Type Security Shares Price Value
Tax Withholding Common Stock 1,634 $126.58 $207K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 32,890 shares (Direct); Common Stock — 542 shares (Indirect, 401k Plan)
Footnotes (1)
  1. As reported on February 28, 2025, 4,330 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 2,696 shares were issued to the reporting individual and 1,634 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (2,696 shares issued to the reporting individual +1,634 shares to cover the tax liability = 4,330 total shares comprising the incentive award). Includes 12,197 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*
Moriarty James F
(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)
Executive VP & General Counsel
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 1,634(1) D $126.58 32,890(2) D
Common Stock 542 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, 4,330 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 2,696 shares were issued to the reporting individual and 1,634 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (2,696 shares issued to the reporting individual +1,634 shares to cover the tax liability = 4,330 total shares comprising the incentive award).
2. Includes 12,197 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 were disposed of by James F. Moriarty on February 26, 2025?

James F. Moriarty disposed of 1,634 shares of CPK common stock on February 26, 2025, which were used to satisfy tax liability associated with a performance share agreement award.

What is James F. Moriarty's current position at Chesapeake Utilities (CPK)?

James F. Moriarty serves as Executive VP & General Counsel at Chesapeake Utilities Corporation (CPK).

How many CPK shares does James Moriarty own directly after the reported transaction?

Following the reported transaction, James Moriarty directly owns 32,890 shares of CPK, which includes 12,197 deferred stock units that will be settled on a one-for-one basis in common stock.

What was the total size of the performance share award granted to CPK's Executive VP in February 2025?

The total performance share award was 4,330 shares, of which 2,696 shares were issued directly to Moriarty and 1,634 shares were used to satisfy tax liability.

What indirect ownership of CPK stock does James Moriarty have?

James Moriarty indirectly owns 542 shares of CPK stock through the company's 401k Plan.