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

York Water Co.'s CEO, Joseph Hand, acquired 20 shares of common stock at $33.41 each through the company's dividend reinvestment plan.

Summary

• Joseph Hand, CEO and President of York Water Co., acquired 20 shares of common stock on December 19, 2024.
• The shares were purchased at a price of $33.41 each.
• The transaction was part of the company's dividend reinvestment plan.
• Following the transaction, Mr. Hand directly owns 33,722.3976 shares and indirectly owns 97.101 shares through a child.

Sentiment

Score: 7

Explanation: The transaction is a routine insider purchase, indicating confidence but not a major event. The sentiment is neutral to slightly positive.

Positives

• The CEO's participation in the dividend reinvestment plan demonstrates confidence in the company's future.
• The purchase 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 also typical, aligning their interests with those of shareholders.
• The transaction is small in scale and does not indicate any significant deviation from industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows the CEO's confidence in the company.

Key Dates

Keywords

York Water Co, Joseph Hand, dividend reinvestment plan, insider trading, stock acquisition, common stock, CEO, YORW