Chesapeake Utilities (CPK) CFO Reports Brokered Sales and DSU Holdings

Rhea-AI Filing Summary

Beth W. Cooper, Executive Vice President & Chief Financial Officer of Chesapeake Utilities Corp (CPK), reported sales and updates on 09/25/2025. She sold 4,974 shares in multiple brokered open-market transactions at prices ranging from $131.77 to $132.76, plus an additional sale of 26 shares at $132.80. After these dispositions, she beneficially owns 90,713 shares directly and an additional 28,604 deferred stock units (settled one-for-one into common stock), plus 14,053 shares held indirectly in a 401(k) plan.

Positive

• Reporting compliance: Transactions and holdings were disclosed on Form 4 with explanatory notes
• Significant retained exposure: 90,713 direct shares plus 28,604 deferred stock units (one-for-one) and 14,053 401(k) shares remain

Negative

• Open-market dispositions: Brokered sale of 4,974 shares (priced $131.77–$132.76) and sale of 26 shares at $132.80 reduced direct holdings
• Potential market perception: Insider sales may be viewed negatively by some investors despite substantial remaining holdings

Insights

Financial Analyst

TL;DR: Insider sales on 09/25/2025 reduced direct holdings modestly; total economic exposure remains sizable due to DSUs and 401(k) holdings.

The reported brokered sales of 4,974 shares (at $131.77–$132.76) and 26 shares (at $132.80) represent a partial disposition of the reporting officer's direct position. Despite the sales, the reporting person retains material ownership: 90,713 direct shares plus 28,604 deferred stock units that convert one-for-one, and 14,053 shares in a 401(k). From an analytical perspective, this is a routine liquidity event rather than a clear signal of changing confidence, since significant equity-linked holdings remain.

Corporate Governance Expert

TL;DR: Filings comply with Section 16 disclosure; sales were reported promptly and include dividend reinvestment details.

The Form 4 discloses prompt reporting of open-market sales and provides explanatory notes about dividend reinvestment and the composition of deferred stock units. The filing includes granular disclosure that 17 shares and 300 DSUs were acquired through dividend reinvestment since the last filing, and 147 401(k) shares were purchased via reinvested dividends. The transparency around reinvestment activity and DSU settlement terms (one-for-one) supports good governance and clear beneficial ownership tracing.

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
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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).

1. Name and Address of Reporting Person^*

Cooper Beth W

(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)
	Executive VP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

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	09/25/2025		S		4,974(1)	D	$132.1426	90,739(2)(3)	D
Common Stock	09/25/2025		S		26	D	$132.8	90,713	D
Common Stock								14,053(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. Broker open market sale of 4,974 shares on behalf of the reporting individual ranged from $131.77 to $132.76 in multiple transactions. Full information regarding the number of shares sold at each separate price will be provided upon request.

2. Includes 17 shares that were acquired for the reporting person since last filing through reinvestment of dividends under the Chesapeake Utilities Corporation Dividend Reinvestment and Direct Stock Purchase Plan.

3. Includes 28,604 deferred stock units, of which 300 DSUs were acquired for the reporting person since 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 147 additional shares of Chesapeake Utilities Corporation common stock since last filing.

Remarks:

	/s/ Beth W. Cooper	09/29/2025
	** 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.

FAQ

What transactions did Beth W. Cooper report for CPK on 09/25/2025?

She reported a broker open-market sale of 4,974 shares at prices ranging from $131.77 to $132.76 and an additional sale of 26 shares at $132.80.

How many CPK shares does the reporting person own after the reported transactions?

Following the reported transactions, she beneficially owns 90,713 direct shares, plus 28,604 deferred stock units and 14,053 shares held indirectly in a 401(k) plan.

What are the deferred stock units (DSUs) described in the filing?

The filing states there are 28,604 DSUs which will be settled on a one-for-one basis in common stock; 300 DSUs were acquired via dividend reinvestment since the last filing.

Were any shares acquired via dividend reinvestment?

Yes. The filing notes 17 shares acquired for the reporting person through dividend reinvestment under the company plan and 147 shares purchased in the 401(k) via reinvested dividends since the last filing.

Does the filing indicate why the shares were sold?

No. The Form 4 explains the sales were broker open-market transactions and provides price ranges, but it does not state a reason for the dispositions.