Chesapeake Utilities EVP uses 3,725 shares for tax
Chesapeake Utilities executive James F. Moriarty reported a compensation-related share withholding and updated holdings.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4/A
Rhea-AI Filing Summary
Chesapeake Utilities executive James F. Moriarty reported a compensation-related share withholding and updated holdings. On the incentive award, 7,557 common shares were earned under a performance share agreement. Of these, 3,832 shares were issued to him and 3,725 shares were used to satisfy the related tax liability at $135.05 per share.
After the tax-withholding disposition, Moriarty directly holds 37,423 common shares and indirectly holds 554 shares through a 401k Plan. His position also includes 12,457 deferred stock units that will settle one-for-one in common stock, providing additional future equity exposure.
Insider Trade Summary
Exercise Price or Tax Liability: 3,725 shares
Exercise Price or Tax Liability
2 txns
Insider
Moriarty James F
Role
Executive VP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,725 | $135.05 | $503K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,423 shares (Direct);
Common Stock — 554 shares (Indirect, 401k Plan)
Footnotes (2)
- F1. As reported on February 26, 2026, 7,557 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 3,832 shares were issued to the reporting individual, 0 deferred stock units were granted and 3,725 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (3,832 shares issued to the reporting individual + 0 deferred stock units + 3,725 shares to cover the tax liability = 7,557 total shares comprising the incentive award).
- F2. Includes 12,457 deferred stock units that will be settled on a one-for-one basis in common stock.
Key Figures
Tax-withheld shares: 3,725 shares
Tax-withholding price: $135.05 per share
Performance award size: 7,557 shares
+4 more
7 metrics
Tax-withheld shares
3,725 shares
Shares used to satisfy tax liability on incentive award
Tax-withholding price
$135.05 per share
Price for 3,725 shares used to cover taxes
Performance award size
7,557 shares
Total shares earned under performance share agreement
Shares issued to insider
3,832 shares
Portion of award issued to James F. Moriarty
Direct holdings after transaction
37,423 shares
Common stock directly held following tax-withholding disposition
Indirect 401k holdings
554 shares
Common stock held indirectly via 401k Plan
Deferred stock units
12,457 units
Deferred stock units settling one-for-one in common stock
Key Terms
performance share agreement, tax liability, deferred stock units, 401k Plan, +1 more
5 terms
tax liability financial
"3,725 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award"
deferred stock units financial
"Includes 12,457 deferred stock units that will be settled on a one-for-one basis in common stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
401k Plan financial
"Common Stock holding entry with indirect ownership nature described as 401k Plan."
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
tax-withholding disposition financial
"transaction_action is tax-withholding disposition for the 3,725-share transaction coded F."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chesapeake Utilities (CPK) report for James F. Moriarty?
James F. Moriarty reported a compensation-related tax withholding. He earned 7,557 shares under a performance share agreement, received 3,832 shares, and 3,725 Chesapeake Utilities shares were withheld at $135.05 each to cover the associated tax liability on the incentive award.
What deferred stock unit holdings are disclosed for James F. Moriarty at Chesapeake Utilities (CPK)?
Moriarty holds 12,457 deferred stock units at Chesapeake Utilities. Each unit will be settled on a one-for-one basis in common stock, meaning 12,457 additional shares are expected to be delivered in the future, separate from his currently held common stock.
Is the Chesapeake Utilities (CPK) Form 4/A transaction an open-market sale by James F. Moriarty?
No, the Form 4/A reflects tax-withholding, not an open-market sale. The 3,725 shares were withheld to satisfy tax liability on a performance share incentive award, classified under code F, which represents payment of exercise price or tax liability by delivering securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
