Chesapeake Utilities (NYSE: CPK) awards 1,112-share stock grant to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chesapeake Utilities Corp director Sheree M. Petrone received a stock award of 1,112 shares of Common Stock on May 6, 2026. The shares were issued as director compensation under the company’s Stock Incentive and Compensation Plan at a reference price of $125.83 per share.
After this grant and additional dividend reinvestments, Petrone directly owns 4,450 Chesapeake Utilities shares, including 36 shares acquired since the last filing through the company’s Dividend Reinvestment and Direct Stock Purchase Plan. This is a compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Petrone Sheree M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,112 | $125.83 | $140K |
Holdings After Transaction:
Common Stock — 4,450 shares (Direct, null)
Footnotes (1)
- Shares issued for director compensation under the Company's Stock Incentive and Compensation Plan. Includes 36 shares for the reporting person that were acquired since last filing through reinvestment of dividends under Chesapeake Utilities Corporation's Dividend Reinvestment and Direct Stock Purchase Plan.
Key Figures
Director stock grant: 1,112 shares
Grant reference price: $125.83 per share
Total direct holdings after grant: 4,450 shares
+1 more
4 metrics
Director stock grant
1,112 shares
Common Stock awarded on May 6, 2026 as director compensation
Grant reference price
$125.83 per share
Value used for 1,112-share compensation award
Total direct holdings after grant
4,450 shares
Common Stock directly owned by Sheree M. Petrone after transaction
Dividend reinvestment shares
36 shares
Acquired since last filing via Dividend Reinvestment and Direct Stock Purchase Plan
Key Terms
Stock Incentive and Compensation Plan, Dividend Reinvestment and Direct Stock Purchase Plan, director compensation
3 terms
Stock Incentive and Compensation Plan financial
"Shares issued for director compensation under the Company's Stock Incentive and Compensation Plan."
Dividend Reinvestment and Direct Stock Purchase Plan financial
"through reinvestment of dividends under Chesapeake Utilities Corporation's Dividend Reinvestment and Direct Stock Purchase Plan."
director compensation financial
"Shares issued for director compensation under the Company's Stock Incentive and Compensation Plan."
FAQ
What did Chesapeake Utilities (CPK) director Sheree Petrone receive in this Form 4 filing?
Director Sheree M. Petrone received a grant of 1,112 shares of Chesapeake Utilities Common Stock. The shares were issued as director compensation under the company’s Stock Incentive and Compensation Plan, increasing her total direct holdings to 4,450 shares after the transaction and related adjustments.
Was the Chesapeake Utilities (CPK) Form 4 transaction an open-market stock purchase?
No, the transaction was not an open-market stock purchase. The 1,112 Chesapeake Utilities shares were granted to director Sheree M. Petrone as compensation under the Stock Incentive and Compensation Plan, meaning they were an equity award rather than shares bought on the open market.
What price is associated with the Chesapeake Utilities (CPK) director stock award?
The director stock award references a price of $125.83 per Chesapeake Utilities share. This price is used in the Form 4 to value the 1,112-share grant made to director Sheree M. Petrone as part of her compensation under the company’s Stock Incentive and Compensation Plan.
What plans are mentioned in this Chesapeake Utilities (CPK) Form 4 filing?
The filing references the company’s Stock Incentive and Compensation Plan, under which the 1,112-share grant was issued. It also notes the Dividend Reinvestment and Direct Stock Purchase Plan, through which 36 additional shares were acquired since the last filing via dividend reinvestment.