Form 4: York Water Co. CEO Acquires Shares Through Dividend Reinvestment Plan

York Water Co.'s CEO, Joseph Thomas Hand, acquired 983 shares of common stock through the company's dividend reinvestment plan on January 1, 2025.

Summary

• Joseph Thomas Hand, CEO and President of York Water Co., acquired 983 shares of common stock on January 1, 2025.
• The shares were acquired through the company's dividend reinvestment plan at a price of $32.72 per share.
• Following the transaction, Mr. Hand directly owns 34,705.3976 shares and indirectly owns 97.101 shares through a child.
• The transaction was reported on January 3, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally positive as it shows management's confidence in the company. There are no negative implications.

Positives

• The CEO's participation in the dividend reinvestment plan demonstrates confidence in the company's future.
• The acquisition increases the CEO's stake in the company.

Industry Context

This is a routine transaction for a company with a dividend reinvestment plan, and it is common for executives to participate in such plans.

Comparison to Industry Standards

• Dividend reinvestment plans are a common practice among publicly traded companies, particularly utilities like York Water Co.
• Executive participation in these plans is generally viewed positively by investors as it aligns management's interests with those of shareholders.
• The transaction is consistent with standard practices for insider trading disclosures.

Stakeholder Impact

• The transaction is likely to have a neutral to slightly positive impact on shareholders, as it demonstrates the CEO's confidence in the company.

Key Dates

Keywords

York Water Co, dividend reinvestment plan, insider trading, share acquisition, CEO, Joseph Thomas Hand, YORW