Chesapeake Utilities (NYSE: CPK) CFO uses 3,480 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cooper Beth W
Role
Executive VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,480 | $135.05 | $470K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 95,110 shares (Direct, null);
Common Stock — 14,202 shares (Indirect, 401k Plan)
Footnotes (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). 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
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
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.
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.