York Water CEO acquires 111.664 shares via plan
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Form Type
4/A
Rhea-AI Filing Summary
YORK WATER CO (YORW) reported that President & CEO Joseph Thomas Hand received an automatic acquisition of 111.664 shares of common stock on 2026-07-16 at $29.1056 per share, acquired under the company’s Employees' Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c). Following this award and including shares acquired through The York Water Company Dividend Reinvestment Plan, Hand directly holds a total of 35,307.5016 shares. This amendment corrects the original transaction code from a purchase (P) to an award/acquisition (A).
Insider Trade Summary
Grant/Award: 111.664 shares
Grant/Award
1 txn
Insider
Hand Joseph Thomas
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 111.664 | $29.1056 | $3K |
Holdings After Transaction:
Common Stock — 35,307.5016 shares (Direct)
Footnotes (2)
- F1. The Original Form 4, filed on July 17, 2026, is being amended solely to correct the transaction code from "P" to "A" as the shares were acquired under the Issuer's Employees' Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F2. Amount shown is as of the date of the filing of this amendment and includes shares acquired under The York Water Company Dividend Reinvestment Plan (DRIP).
Key Figures
Shares acquired: 111.664 shares of Common Stock
Price per share: $29.1056 per share
Shares held after transaction: 35,307.5016 shares
+2 more
5 metrics
Shares acquired
111.664 shares of Common Stock
Grant, award, or other acquisition on 2026-07-16
Price per share
$29.1056 per share
Acquisition under Employees' Stock Purchase Plan on 2026-07-16
Shares held after transaction
35,307.5016 shares
Direct holdings after reported acquisition, including DRIP shares
Transaction code
A
Corrected from "P" to "A" to reflect grant/award acquisition
Rule 16b-3 exemptions cited
Rule 16b-3(d) and Rule 16b-3(c)
Transaction under Employees' Stock Purchase Plan treated as exempt
Key Terms
Employees' Stock Purchase Plan, Dividend Reinvestment Plan (DRIP), Rule 16b-3(d), Rule 16b-3(c)
4 terms
Employees' Stock Purchase Plan financial
"shares were acquired under the Issuer's Employees' Stock Purchase Plan"
Dividend Reinvestment Plan (DRIP) financial
"includes shares acquired under The York Water Company Dividend Reinvestment Plan (DRIP)"
A dividend reinvestment plan (DRIP) is a program that automatically uses the cash dividends an investor receives to buy additional shares (or fractions of shares) of the same company instead of paying out cash. Like a snowball that quietly grows larger, it helps investors compound returns over time, increase ownership without manual trades or commission costs, and change future income streams — though dividends used are still taxable as income.
Rule 16b-3(d) regulatory
"transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did YORW disclose in this amended Form 4?
YORW disclosed that President & CEO Joseph Thomas Hand acquired 111.664 shares of common stock on 2026-07-16 at $29.1056 per share through the company’s Employees' Stock Purchase Plan, in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c).
Why was this Form 4/A amendment filed for YORW?
The amendment was filed to correct the transaction code on the original Form 4 from "P" (purchase) to "A" (grant, award, or other acquisition), clarifying that the shares were acquired under the Issuer's Employees' Stock Purchase Plan and treated as an exempt transaction.
Was the YORW insider transaction made under a Rule 10b5-1 trading plan?
No. The Form 4/A indicates the Rule 10b5-1 checkbox as false, and the footnote explains the shares were acquired under the Issuer’s Employees' Stock Purchase Plan as an exempt transaction under Rule 16b-3(d) and Rule 16b-3(c), not under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
