York Water (YORW) COO receives 796-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
York Water Company Chief Operating Officer Matthew J. Scarpato received a grant of 796 shares of common stock as restricted stock, awarded at $0.00 per share as part of his compensation. The restricted shares are scheduled to vest evenly over three years. Following this grant, he directly owns 1,870.077 shares of York Water common stock, including shares acquired through the company’s dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scarpato Matthew J
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 796 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,870.077 shares (Direct, null)
Footnotes (1)
- Grant of restricted stock to vest equitably over three years. Includes shares acquired under The York Water Company dividend reinvestment plan.
Key Figures
Restricted stock grant: 796 shares
Grant price: $0.00 per share
Post-grant holdings: 1,870.077 shares
+1 more
4 metrics
Restricted stock grant
796 shares
Common Stock award to COO Matthew J. Scarpato
Grant price
$0.00 per share
Restricted stock issued as compensation, not purchased
Post-grant holdings
1,870.077 shares
Direct ownership after the award, including DRIP shares
Vesting schedule
Three years
Restricted stock to vest equitably over three years
Key Terms
restricted stock, dividend reinvestment plan, grant/award acquisition
3 terms
restricted stock financial
"Grant of restricted stock to vest equitably over three years."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
dividend reinvestment plan financial
"Includes shares acquired under The York Water Company dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
grant/award acquisition financial
"transaction_action: grant/award acquisition for 796.0000 Common Stock shares."
FAQ
What insider transaction did YORW’s COO report on this Form 4?
York Water’s COO Matthew J. Scarpato reported receiving a grant of 796 shares of common stock. The award is structured as restricted stock, issued at $0.00 per share as part of his compensation, not an open-market purchase or sale.
Does the Form 4 for YORW indicate open-market buying or selling by the COO?
The Form 4 shows a grant of restricted stock, not an open-market trade. The transaction is coded as an award acquisition at $0.00 per share, so it reflects compensation, rather than the COO buying or selling shares on the open market.