Chesapeake Utilities CFO covers taxes with shares

Chesapeake Utilities Executive VP & CFO Beth W. Cooper reported an incentive stock award and related tax withholding.

Rhea-AI Filing Summary

Chesapeake Utilities Executive VP & CFO Beth W. Cooper reported an incentive stock award and related tax withholding. A performance share agreement delivered 7,557 common shares, of which 4,077 shares were issued to her and 3,480 shares were used to satisfy the tax liability associated with the award at $135.05 per share. After the tax-withholding disposition, she directly holds 95,110 common shares and indirectly holds 14,202 shares through a 401(k) plan. The filing also notes 28,115 deferred stock units that will be settled one-for-one in common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 3,480 shares

Exercise Price or Tax Liability 2 txns

Insider Cooper Beth W

Role Executive VP & CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	3,480	$135.05	$470K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 95,110 shares (Direct); Common Stock — 14,202 shares (Indirect, 401k Plan)

Footnotes (2)

1. 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, 4,077 shares were issued to the reporting individual, 0 deferred stock units were granted and 3,480 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (4,077 shares issued to the reporting individual + 0 deferred stock units + 3,480 shares to cover the tax liability = 7,557 total shares comprising the incentive award).
2. F2. Includes 28,115 deferred stock units that will be settled on a one-for-one basis in common stock.

Key Figures

Tax-withholding shares: 3,480 shares Tax-withholding price: $135.05 per share Direct holdings after transaction: 95,110 shares +4 more

7 metrics

Tax-withholding shares 3,480 shares Shares used to satisfy tax liability on incentive award

Tax-withholding price $135.05 per share Value assigned to 3,480 shares used for taxes

Direct holdings after transaction 95,110 shares Common stock held directly by Beth W. Cooper

Indirect 401(k) holdings 14,202 shares Common stock held indirectly through a 401(k) plan

Incentive award size 7,557 shares Total shares earned under performance share agreement

Shares issued from award 4,077 shares Portion of incentive award issued to the reporting individual

Deferred stock units outstanding 28,115 units Deferred stock units settled one-for-one in common stock

Key Terms

performance share agreement, deferred stock units, tax liability, incentive award, +1 more

5 terms

performance share agreement financial

"7,557 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual."

deferred stock units financial

"Includes 28,115 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.

tax liability financial

"3,480 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award"

incentive award financial

"3,480 shares to cover the tax liability = 7,557 total shares comprising the incentive award"

401k Plan financial

"nature_of_ownership": "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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Chesapeake Utilities (CPK) report for Beth W. Cooper?

Beth W. Cooper reported an incentive stock award and a related tax-withholding share disposition. She earned 7,557 common shares under a performance share agreement, with 3,480 shares used to cover the associated tax liability rather than being sold on the open market.

How many Chesapeake Utilities shares covered Beth W. Cooper’s tax liability?

The filing shows 3,480 Chesapeake Utilities common shares were used to satisfy Beth W. Cooper’s tax liability. These shares were valued at $135.05 each and were applied as payment of taxes linked to the incentive award, not as a regular market sale transaction.

How many Chesapeake Utilities shares does Beth W. Cooper hold after this Form 4/A?

After the reported transactions, Beth W. Cooper directly holds 95,110 Chesapeake Utilities common shares. She also indirectly holds 14,202 shares through a 401(k) plan, and the filing notes additional deferred stock units that will convert into common shares on a one-for-one basis.

What is the size of the performance share award reported for Chesapeake Utilities CFO?

The performance share agreement granted a total incentive award of 7,557 Chesapeake Utilities common shares. Of these, 4,077 shares were issued to Beth W. Cooper, zero deferred stock units were granted from this award, and 3,480 shares were used to satisfy the related tax liability obligation.

What are the deferred stock units mentioned in Chesapeake Utilities (CPK) Form 4/A?

The filing notes 28,115 deferred stock units for Beth W. Cooper. These units are designed to be settled on a one-for-one basis in Chesapeake Utilities common stock, meaning each deferred unit will convert into one common share when settlement conditions are met in the future.

Was Beth W. Cooper’s Chesapeake Utilities transaction an open-market sale?

The disposition was not an open-market sale. The 3,480 shares were used to pay tax liabilities on an incentive award, reflected by transaction code F for tax-withholding. This type of transaction is typically mechanical and tied to compensation rather than discretionary selling activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 10:37 AM Learn about SEC filing dates

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 DELAWARE 19901

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/26/2026

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	02/24/2026		F		3,480(1)	D	$135.05	95,110(2)	D
Common Stock								14,202	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 26, 2026, 7,557 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 4,077 shares were issued to the reporting individual, 0 deferred stock units were granted and 3,480 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (4,077 shares issued to the reporting individual + 0 deferred stock units + 3,480 shares to cover the tax liability = 7,557 total shares comprising the incentive award).

2. Includes 28,115 deferred stock units that will be settled on a one-for-one basis in common stock.

Remarks:

	/s/ Beth W. Cooper	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)