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Chesapeake Utilities CEO Holds 75,729 Shares Following Performance-Based Grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.
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. 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).
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

How many shares of CPK stock did CEO Jeffry Householder receive in performance shares on February 26, 2025?

CEO Jeffry Householder earned 11,088 shares of CPK common stock through a performance share agreement. This was distributed as: 1,468 shares issued directly, 8,316 deferred stock units, and 1,304 shares were used to cover tax liability.

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.

What was the price per share of CPK stock used for tax withholding in the February 2025 transaction?

The price per share used for the tax withholding transaction was $126.58, at which 1,304 shares were disposed of to satisfy the tax liability associated with the incentive award.

How many CPK shares does Jeffry Householder own through the company's 401k plan?

According to the filing, Jeffry Householder indirectly owns 506 shares of CPK stock through the company's 401k plan.

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.
Chesapeake Utils Corp

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Utilities - Regulated Gas
Natural Gas Transmission & Distribution
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United States
DOVER