4/A: Chesapeake Utilities CFO Beth Cooper Amends Beneficial Ownership Filing for Tax-Related Share Disposition
Insider Transaction Report Amendment
Chesapeake Utilities Corp's Executive VP, CFO & Treasurer, Beth W. Cooper, filed an amended Form 4 detailing the disposition of 1,085 common shares to cover tax liabilities from a performance share award.
Summary
- Beth W. Cooper, Executive VP, CFO & Treasurer of Chesapeake Utilities Corp (CPK), filed an amended Form 4, which is a Statement of Changes in Beneficial Ownership.
- The filing reports a transaction on February 26, 2025, where 1,085 shares of common stock were disposed of at a price of $126.58 per share.
- This disposition was specifically to satisfy the tax liability associated with a performance share incentive award.
- The total performance incentive award comprised 4,330 shares of common stock.
- From this award, 1,080 shares were issued directly to Ms. Cooper, 2,165 deferred stock units were granted, and 1,085 shares were utilized to cover the associated tax liability.
- Following this transaction, Ms. Cooper directly beneficially owns 95,396 shares of common stock, which includes 28,304 deferred stock units that will be settled on a one-for-one basis in common stock.
- Additionally, Ms. Cooper indirectly owns 13,906 shares through a 401k Plan.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction related to executive compensation and tax withholding, which is neutral in terms of company performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This Form 4/A filing is a routine disclosure of an insider's stock transaction, specifically related to executive compensation and tax obligations. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Minimal impact on shareholders as it is a routine, tax-related disposition of a small number of shares by an executive, not indicative of a change in company fundamentals or strategy.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Transaction Date for the disposition of shares. |
| 02/28/2025 | Date of Original Form 4 Filing. |
| 06/23/2025 | Signature Date of the amended Form 4. |
Keywords
Chesapeake Utilities, CPK, SEC Form 4/A, Insider Trading, Beneficial Ownership, Executive Compensation, Stock Disposition, Tax Withholding, Performance Shares
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.