Equity grant to Chesapeake Utilities (NYSE: CPK) senior VP & COO

Rhea-AI Filing Summary

Sylvester Jeffery S reported acquisition or exercise transactions in this Form 4 filing.

Chesapeake Utilities Corporation Senior VP & COO Jeffery S. Sylvester received a grant of 3,899 shares of common stock on February 24, 2026 at an indicated price of $135.05 per share.

After this award, he directly holds 15,882 common shares, with an additional 183 shares held indirectly in a 401k Plan. Footnotes state that a portion of the granted shares will be withheld to cover tax liabilities and that his position also includes shares and deferred stock units accumulated through dividend reinvestment plans.

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

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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^*

Sylvester Jeffery S

(Last) (First) (Middle)

500 ENERGY LANE

(Street)

DOVER DE 19901

(City) (State) (Zip)

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)
	Senior VP & COO

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

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

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

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

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		A		3,899(1)	A	$135.05	15,882(2)(3)	D
Common Stock								183(4)	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. A portion of these shares will be withheld to account for the payment of the tax liability associated with the issuance of the shares. Such tax liability has not been determined. The tax liability, when determined, will be reflected on an amendment to this Form 4 or a subsequently filed Form 4.

2. Includes 10 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.

3. Includes 10,130 deferred stock units of which 56 were acquired for the reporting person since the last filing through reinvestment of dividends pursuant to a dividend reinvestment plan. Deferred stock units will be settled on a one-for-one basis in common stock.

4. Dividends payable on 401k Plan shares were reinvested to purchase 1 additional share of Chesapeake Utilities Corporation common stock since last filing.

Remarks:

	Beth W. Cooper, by Power of Attorney	02/26/2026
	** 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).
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FAQ

What insider transaction did Chesapeake Utilities (CPK) report for Jeffery S. Sylvester?

Chesapeake Utilities reported an equity grant to Senior VP & COO Jeffery S. Sylvester. He received 3,899 shares of common stock on February 24, 2026 as a grant, not an open-market purchase, reflecting stock-based executive compensation rather than a discretionary trade.

How many Chesapeake Utilities (CPK) shares did Sylvester receive and at what price?

Jeffery S. Sylvester was granted 3,899 Chesapeake Utilities common shares at $135.05 per share. This price is the value per share reported for the award on February 24, 2026, providing a reference valuation for the stock-based compensation he received.

What are Jeffery S. Sylvester’s Chesapeake Utilities (CPK) holdings after this Form 4 grant?

Following the grant, Sylvester directly holds 15,882 Chesapeake Utilities common shares. He also has 183 shares held indirectly through a 401k Plan, plus a separate balance of deferred stock units that are designed to settle one-for-one in common stock at a later date.

How will taxes be handled on Sylvester’s Chesapeake Utilities (CPK) stock grant?

A portion of the 3,899 granted shares will be withheld to pay Sylvester’s tax liability. The exact tax amount is not yet determined; when finalized, the withholding will be reported in an amended Form 4 or a subsequent Form 4 filing, according to the footnote disclosure.

What role do dividend reinvestment plans play in Sylvester’s Chesapeake Utilities (CPK) ownership?

Sylvester’s holdings include shares and deferred stock units accumulated via dividend reinvestment plans. Footnotes state 10 additional shares and 56 additional deferred stock units were acquired since the last filing through dividend reinvestment, plus one extra 401k share bought with reinvested dividends.

What are Sylvester’s deferred stock units related to Chesapeake Utilities (CPK)?

Sylvester holds 10,130 deferred stock units tied to Chesapeake Utilities. These units, including 56 gained via dividend reinvestment, are designed to settle on a one-for-one basis in common stock, meaning each deferred unit will convert into a single Chesapeake Utilities common share in the future.