Chesapeake Utilities exec reports tax-withheld shares

Chesapeake Utilities Corp senior executive Kevin J. Webber reported compensation-related share activity.

Rhea-AI Filing Summary

Chesapeake Utilities Corp senior executive Kevin J. Webber reported compensation-related share activity. A performance share award covering 3,336 shares of common stock was earned, structured as 3,257 deferred stock units and 79 shares used to cover the related tax liability, so no shares were issued directly to him.

The Form 4/A shows 79 shares of common stock treated as a tax-withholding disposition at $135.05 per share, leaving him with 14,602 directly held shares of common stock and 503 shares held indirectly through a 401(k) plan. Footnotes also note 9,389 deferred stock units that will later settle one-for-one in common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 79 shares

Exercise Price or Tax Liability 2 txns

Insider Webber Kevin J

Role Sr VP & Chief Dev Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	79	$135.05	$11K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 14,602 shares (Direct); Common Stock — 503 shares (Indirect, 401k Plan)

Footnotes (2)

1. F1. As reported on February 26, 2026, 3,336 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, 3,257 deferred stock units were granted and 79 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 + 3,257 deferred stock units + 79 shares to cover the tax liability = 3,336 total shares comprising the incentive award).
2. F2. Includes 9,389 deferred stock units that will be settled on a one-for-one basis in common stock.

Key Figures

Tax-withholding shares: 79 shares Tax-withholding price: $135.05 per share Direct shares after transaction: 14,602 shares +4 more

7 metrics

Tax-withholding shares 79 shares Shares of common stock used to satisfy tax liability

Tax-withholding price $135.05 per share Value of common stock used for tax liability

Direct shares after transaction 14,602 shares Common stock directly owned following tax-withholding disposition

Indirect 401(k) shares 503 shares Common stock held indirectly through 401(k) plan

Performance award size 3,336 shares Total shares comprising performance share incentive award

New deferred stock units from award 3,257 units Deferred stock units granted under performance share agreement

Deferred stock units outstanding 9,389 units Deferred stock units settling one-for-one in common stock

Key Terms

deferred stock units, performance share agreement, tax liability, 401k Plan

4 terms

deferred stock units financial

"3,257 deferred stock units were granted and 79 shares of Chesapeake Utilities common stock were utilized"

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.

performance share agreement financial

"3,336 shares of common stock were earned pursuant to a performance share agreement in place"

tax liability financial

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

401k Plan financial

"total_shares_following_transaction": "503.0000", "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

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

What insider transaction did Chesapeake Utilities (CPK) report for Kevin J. Webber?

Chesapeake Utilities reported a tax-withholding disposition for Kevin J. Webber. 79 shares of common stock were used to satisfy tax liabilities tied to an incentive award, while his overall equity position remained largely intact with direct, indirect, and deferred holdings.

How many Chesapeake Utilities (CPK) shares were used to cover Kevin Webber’s tax liability?

The filing shows 79 shares of Chesapeake Utilities common stock were used to cover tax liabilities. These shares were valued at $135.05 per share and are tied to a performance-based incentive award, not an open-market sale or discretionary trading decision.

What is Kevin Webber’s direct shareholding in Chesapeake Utilities (CPK) after this Form 4/A?

After the reported tax-withholding transaction, Kevin Webber directly holds 14,602 shares of Chesapeake Utilities common stock. This figure reflects his remaining direct equity stake following the disposition of 79 shares to satisfy the tax obligations associated with a performance share incentive award.

How is Kevin Webber’s performance share award structured at Chesapeake Utilities (CPK)?

The performance share award totals 3,336 shares of common stock value. It consists of 3,257 deferred stock units, 79 shares applied to tax liabilities, and no shares issued directly, illustrating that the award primarily increases his deferred equity rather than immediately tradable common shares.

What deferred stock units does Kevin Webber hold in Chesapeake Utilities (CPK)?

Kevin Webber holds 9,389 deferred stock units that will settle into common stock on a one-for-one basis. An additional 3,257 deferred stock units were granted under the latest performance share agreement, further increasing his future equity-based compensation exposure to Chesapeake Utilities.

Does the Chesapeake Utilities (CPK) Form 4/A reflect any open-market buying or selling by Kevin Webber?

No open-market buying or selling is shown; the key disposition is 79 shares for tax withholding. The filing characterizes this as payment of tax liability using stock from an incentive award, distinguishing it from discretionary purchases or sales in the public market.

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

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Accepted by SEC EDGAR 05/15/2026 - 10:39 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^*

Webber Kevin J

(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)
	Sr VP & Chief Dev Officer

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		79(1)	D	$135.05	14,602(2)	D
Common Stock								503	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, 3,336 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, 3,257 deferred stock units were granted and 79 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 + 3,257 deferred stock units + 79 shares to cover the tax liability = 3,336 total shares comprising the incentive award).

2. Includes 9,389 deferred stock units that will be settled on a one-for-one basis in common stock.

Remarks:

	Beth W. Cooper, by Power of Attorney	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)