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Chesapeake Utilities Executive Compensation Reveals Strong Performance-Based Awards

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Form Type
4/A

Rhea-AI Filing Summary

This Form 4/A filing reports an amended insider trading activity for Beth W. Cooper, Executive VP, CFO & Treasurer of Chesapeake Utilities (CPK). The amendment clarifies a transaction from February 26, 2025, originally filed on February 28, 2025.

Key transaction details:

  • Cooper earned 4,330 shares through a performance share agreement
  • 1,080 shares were directly issued to Cooper
  • 2,165 deferred stock units were granted
  • 1,085 shares were used to cover tax liability at $126.58 per share

Following the transaction, Cooper beneficially owns 95,396 shares directly (including 28,304 deferred stock units) and 13,906 shares indirectly through the 401k Plan. This amendment provides additional clarity on the distribution of the performance shares and tax settlement details.

Positive

  • None.

Negative

  • None.
Insider Cooper Beth W
Role Executive VP, CFO & Treasurer
Type Security Shares Price Value
Tax Withholding Common Stock 1,085 $126.58 $137K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 95,396 shares (Direct); Common Stock — 13,906 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, 1,080 shares were issued to the reporting individual, 2,165 deferred stock units were granted and 1,085 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (1,080 shares issued to the reporting individual + 2,165 deferred stock units + 1,085 shares to cover the tax liability = 4,330 total shares comprising the incentive award). Includes 28,304 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*
Cooper Beth W
(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, CFO & Treasurer
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 1,085(1) D $126.58 95,396(2) D
Common Stock 13,906 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, 1,080 shares were issued to the reporting individual, 2,165 deferred stock units were granted and 1,085 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (1,080 shares issued to the reporting individual + 2,165 deferred stock units + 1,085 shares to cover the tax liability = 4,330 total shares comprising the incentive award).
2. Includes 28,304 deferred stock units that will be settled on a one-for-one basis in common stock.
Beth W. Cooper 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 CFO Beth Cooper dispose of on February 26, 2025?

According to the Form 4/A filing, CFO Beth Cooper disposed of 1,085 shares of CPK common stock on February 26, 2025, at a price of $126.58 per share. These shares were used to satisfy tax liability associated with a performance share agreement award.

What is Beth Cooper's total CPK stock ownership after the February 2025 transaction?

Following the reported transaction, Beth Cooper owns 95,396 shares directly (including 28,304 deferred stock units) and 13,906 shares indirectly through the 401k Plan, for a total beneficial ownership of 109,302 CPK shares.

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

The Form 4/A was filed to provide detailed clarification about a performance share agreement award. The amendment explains that out of 4,330 total shares earned, 1,080 shares were issued directly, 2,165 were granted as deferred stock units, and 1,085 shares were used for tax liability.

What positions does Beth Cooper hold at Chesapeake Utilities (CPK)?

Beth Cooper serves as Executive Vice President, Chief Financial Officer (CFO) and Treasurer of Chesapeake Utilities Corporation (CPK), as indicated in the Form 4/A filing.

How many deferred stock units of CPK does Beth Cooper own?

According to the filing's explanatory notes, Beth Cooper owns 28,304 deferred stock units that will be settled on a one-for-one basis in CPK common stock.