Form 4: Chesapeake Utilities Corp Director Paul L Maddock Jr. Reports Gift of Shares
SEC Form 4 Filing
Director Paul L Maddock Jr. reported a gift of Chesapeake Utilities Corp shares and indirect ownership through a QTIP Trust.
Summary
- On May 30, 2024, Paul L Maddock Jr., a director of Chesapeake Utilities Corp, reported a transaction involving the company's common stock.
- Maddock gifted 95 shares of common stock.
- Following the transaction, Maddock directly owns 34,941 shares.
- Maddock also indirectly owns 18,000 shares through a QTIP Trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of a transaction. There is no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 05/30/2024 | Date of the share gift transaction |
| 06/03/2024 | Date of signature on the Form 4 filing |
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