Chesapeake Utilities (NYSE: CPK) CEO reports sale of 10,592 shares
Rhea-AI Filing Summary
Chesapeake Utilities Corporation reported that its President & CEO, who is also a director, sold company stock in mid-December 2025. A broker completed open market sales totaling 10,592 shares of common stock on behalf of the executive on December 18–19, 2025 at prices ranging from $126.03 to $128.50 per share. The filing states that the proceeds from these sales will be used for the purchase of a second home.
Following the transactions, the executive beneficially owns 53,824 shares of common stock directly, which includes 31,328 deferred stock units that will settle one-for-one in common stock, and an additional 514 shares held indirectly through a 401(k) plan.
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FAQ
What insider transaction did Chesapeake Utilities (CPK) disclose in this Form 4?
The filing discloses that the President & CEO, who is also a director of Chesapeake Utilities Corporation, sold company common stock in broker-executed open market transactions totaling 10,592 shares on December 18–19, 2025.
How many Chesapeake Utilities (CPK) shares were sold and at what prices?
The executive sold a total of 10,592 shares of Chesapeake Utilities common stock at prices ranging from $126.03 to $128.50 per share in multiple open market transactions.
What is the stated purpose of the Chesapeake Utilities insider share sale?
The filing explains that the proceeds of the shares sold are to be used for the purchase of a second home by the reporting individual.
How many Chesapeake Utilities (CPK) shares does the insider own after the sale?
After the reported transactions, the executive beneficially owns 53,824 shares of Chesapeake Utilities common stock directly and 514 shares indirectly through a 401(k) plan.
What are the deferred stock units mentioned in the Chesapeake Utilities Form 4?
The filing states that the post-transaction direct holdings include 31,328 deferred stock units, which will be settled on a one-for-one basis in Chesapeake Utilities common stock.
What role does the reporting person hold at Chesapeake Utilities (CPK)?
The reporting person is identified as both a Director and an Officer of Chesapeake Utilities Corporation, with the officer title listed as President & CEO.