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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4/A
Rhea-AI Filing Summary

This Form 4/A amends a previously filed insider trading report for Kevin J. Webber, Senior VP & Chief Development Officer of Chesapeake Utilities (CPK), correcting information about transactions that occurred on February 26, 2025.

Key transaction details:

  • A performance share agreement resulted in 1,911 total shares being earned
  • 1,866 deferred stock units were granted
  • 45 shares were used to cover tax liability at $126.58 per share
  • Following the transaction, Webber owns 11,217 shares directly (including 6,004 deferred stock units) and 492 shares indirectly through a 401k plan

The amendment was filed by Beth W. Cooper through power of attorney on June 23, 2025, clarifying that no actual shares were issued directly to Webber as part of this performance award.

Positive
  • None.
Negative
  • None.
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*
Webber Kevin J

(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 & Chief Dev. Officer
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 45(1) D $126.58 11,217(2) D
Common Stock 492 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, 1,911 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 0 shares were issued to the reporting individual, 1,866 deferred stock units were granted and 45 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (0 shares issued to the reporting individual + 1,866 deferred stock units + 45 shares to cover the tax liability = 1,911 total shares comprising the incentive award).
2. Includes 6,004 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 insider transaction occurred at CPK on February 26, 2025?

On February 26, 2025, Kevin J. Webber, Senior VP & Chief Development Officer of Chesapeake Utilities (CPK), had 45 shares disposed of at $126.58 per share to cover tax liability related to a performance share agreement. This was part of a larger 1,911-share performance award.

How many CPK shares does Kevin Webber own after the February 2025 transaction?

Following the reported transaction, Kevin Webber beneficially owns 11,709 total shares of CPK, consisting of 11,217 shares held directly (including 6,004 deferred stock units) and 492 shares held indirectly through the company's 401k plan.

What was the structure of CPK's performance share award to Kevin Webber in February 2025?

The performance share award totaled 1,911 shares, structured as: 0 shares issued directly, 1,866 deferred stock units granted, and 45 shares utilized to satisfy tax liability. The deferred stock units will be settled on a one-for-one basis in common stock.

Who filed this Form 4/A for CPK and why was it amended?

The Form 4/A was filed by Beth W. Cooper through Power of Attorney on June 23, 2025, amending the original Form 4 filed on February 28, 2025. This amended filing provides clarification on the performance share agreement transaction that occurred on February 26, 2025.
Chesapeake Utils Corp

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3.21B
23.30M
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Utilities - Regulated Gas
Natural Gas Transmission & Distribution
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United States
DOVER