Chesapeake Utilities (CPK) CEO logs 21,123-share performance award with tax withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Chesapeake Utilities President & CEO Jeffry M. Householder reported routine equity compensation activity tied to a performance share award. A total of 21,123 shares of common stock were earned under a performance share agreement; 20,626 were granted as deferred stock units and 497 shares of common stock were used to satisfy the related tax liability, so no shares were issued directly to him. After a tax-withholding disposition of 497 shares at $135.05 per share, he holds 72,720 shares of common stock directly, plus 516 shares held indirectly through a 401k plan and 52,130 deferred stock units that will settle one-for-one in common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Householder Jeffry M
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 497 | $135.05 | $67K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 72,720 shares (Direct, null);
Common Stock — 516 shares (Indirect, 401k Plan)
Footnotes (1)
- As reported on February 26, 2026, 21,123 shares of common stock were earned pursuant to a performance share agreement in place with the reporting individual. Accordingly, 0 shares were issued to the reporting individual, 20,626 deferred stock units were granted and 497 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability associated with the incentive award (0 shares issued to the reporting individual + 20,626 deferred stock units + 497 shares to cover the tax liability = 21,123 total shares comprising the incentive award). Includes 52,130 deferred stock units that will be settled on a one-for-one basis in common stock.
Key Figures
Tax-withheld shares: 497 shares
Tax-withholding price: $135.05 per share
Performance award size: 21,123 shares
+4 more
7 metrics
Tax-withheld shares
497 shares
Common Stock used to satisfy tax liability from incentive award
Tax-withholding price
$135.05 per share
Value applied to 497-share tax-withholding disposition
Performance award size
21,123 shares
Total shares earned under performance share agreement
Deferred stock units granted
20,626 units
Portion of performance award granted as deferred stock units
Total deferred stock units held
52,130 units
Will be settled one-for-one in common stock
Direct common shares after transaction
72,720 shares
Direct holdings of Chesapeake Utilities common stock
Indirect 401k holdings
516 shares
Common Stock held indirectly through a 401k Plan
Key Terms
performance share agreement, deferred stock units, tax liability, incentive award, +1 more
5 terms
deferred stock units financial
"20,626 deferred stock units were granted and 497 shares of Chesapeake Utilities"
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
"497 shares of Chesapeake Utilities common stock were utilized to satisfy the tax liability"
incentive award financial
"497 shares to cover the tax liability = 21,123 total shares comprising the incentive award"
401k Plan financial
"direct_or_indirect": "I","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 did Chesapeake Utilities (CPK) CEO Jeffry Householder report in this Form 4/A?
He reported routine equity compensation activity from a performance share award. No new shares were issued to him; instead, deferred stock units were granted and shares were withheld to cover tax obligations associated with the incentive award.
How many deferred stock units did Chesapeake Utilities (CPK) grant to Jeffry Householder?
He was granted 20,626 deferred stock units as part of a 21,123-share performance incentive award. In total, his holdings now include 52,130 deferred stock units that will eventually be settled one-for-one in Chesapeake Utilities common stock.