Chesapeake Utilities (NYSE: CPK) awards 2,866 shares to senior executive

Rhea-AI Filing Summary

Chesapeake Utilities Corporation reported that Senior VP & CAO Michael D. Galtman acquired an award of 2,866 shares of common stock on February 24, 2026, labeled as a grant or other acquisition at $135.05 per share. Following this award, his directly held common stock position increased to 5,392 shares. The filing also notes 204 shares held indirectly through a 401k Plan. A portion of the newly issued shares will be withheld to cover tax liabilities related to the grant, with the final tax amount to be reported in an amendment or future filing.

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^*

Galtman Michael D

(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 & CAO

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		2,866(1)	A	$135.05	5,392(2)	D
Common Stock								204(3)	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 14 shares that were acquired for the reporting person since last filing through reinvestment of dividends under Chesapeake Utilities Corporation's Dividend Reinvestment and Direct Stock Purchase Plan.

3. 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Chesapeake Utilities (CPK) report for Michael D. Galtman?

Chesapeake Utilities reported that Senior VP & CAO Michael D. Galtman received a stock award of 2,866 common shares. The transaction is classified as a grant or other acquisition, reflecting additional equity-based compensation rather than an open-market purchase or sale.

At what price was the Chesapeake Utilities (CPK) stock grant to Michael D. Galtman recorded?

The 2,866-share stock award to Michael D. Galtman was recorded at $135.05 per share. This value represents the price used for reporting the equity grant and helps investors understand the scale of the compensation in dollar terms.

How many Chesapeake Utilities (CPK) shares does Michael D. Galtman own directly after this Form 4?

After the grant, Michael D. Galtman holds 5,392 shares of Chesapeake Utilities common stock directly. This total reflects his updated personal holdings following the equity award and provides a snapshot of his direct ownership stake in the company.

What indirect Chesapeake Utilities (CPK) holdings does Michael D. Galtman report?

Michael D. Galtman reports 204 shares of Chesapeake Utilities common stock held indirectly through a 401k Plan. This indirect ownership is reported separately from his direct holdings, giving a fuller picture of his overall economic exposure to the company’s stock.

How will taxes on Michael D. Galtman’s Chesapeake Utilities stock grant be handled?

A portion of the newly issued shares will be withheld to pay the related tax liability. The exact tax amount has not yet been determined, and the final tax-related share withholding will be reported in an amended or subsequent Form 4 filing.

Does this Chesapeake Utilities (CPK) Form 4 reflect an open-market stock purchase or sale?

The Form 4 describes a grant or award acquisition, not an open-market trade. The 2,866 shares were issued as equity compensation, so they represent additional stock awarded to the executive rather than shares bought or sold in the market.