Chesapeake Utilities CEO Holds 75,729 Shares Following Performance-Based Grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
This Form 4/A is an amendment to a previously filed insider trading report for Jeffry M. Householder, President, CEO, and Chair of the Board of Chesapeake Utilities (CPK). The amendment clarifies transactions from February 26, 2025.
Key transaction details:
- A total of 11,088 shares were earned through a performance share agreement
- 1,468 shares were directly issued to Householder
- 8,316 deferred stock units were granted
- 1,304 shares were used to cover tax liability at $126.58 per share
Following these transactions, Householder beneficially owns 75,729 shares directly (including 30,845 deferred stock units) and 506 shares indirectly through a 401k plan. The amendment was filed by Beth W. Cooper via power of attorney on June 23, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Householder Jeffry M
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,304 | $126.58 | $165K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 75,729 shares (Direct);
Common Stock — 506 shares (Indirect, 401k Plan)
Footnotes (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. Accordingly, 1,468 shares were issued to the reporting individual, 8,316 deferred stock units were granted and 1,304 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (1,468 shares issued to the reporting individual + 8,316 deferred stock units + 1,304 shares to cover the tax liability = 11,088 total shares comprising the incentive award). Includes 30,845 deferred stock units that will be settled on a one-for-one basis in common stock.
FAQ
What is the current direct stock ownership of CPK's CEO after the February 2025 transaction?
Following the reported transaction, CEO Jeffry Householder directly owns 75,729 shares of CPK stock, which includes 30,845 deferred stock units that will be settled one-for-one in common stock.
Why did CPK file this Form 4/A amendment in June 2025?
This Form 4/A was filed as an amendment to the original Form 4 filed on February 28, 2025, to provide detailed clarification of how the 11,088 performance shares were distributed between direct shares, deferred stock units, and shares used for tax liability.