4/A: Chesapeake Utilities Corp Director Settles Tax Obligations with Stock After Performance Share Award

Jeffry M. Householder, Chair of the Board, President, and CEO of Chesapeake Utilities Corp, used 4,776 shares of common stock to cover tax liabilities related to a performance share agreement.

Summary

• On February 20, 2024, Jeffry M. Householder, a director and executive of Chesapeake Utilities Corp, disposed of 4,776 shares of common stock to satisfy tax obligations.
• This transaction was related to a performance share agreement where Mr. Householder earned 13,075 shares.
• 8,299 shares were issued to Mr. Householder, and 4,776 shares were used to cover the associated tax liability.
• Following the transaction, Mr. Householder directly owns 64,491 shares and indirectly owns 459 shares through a 401k plan.
• The reported transaction was an amendment to a previous filing made on February 22, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of using stock awards as part of executive compensation packages and the subsequent tax implications.

Key Dates