Form 4: York Water Co. CEO Receives Restricted Stock Grant

Joseph Thomas Hand, CEO & President of York Water Co., reports acquisition of 1,703 shares of restricted stock and indirect ownership of 98.462 shares by child.

Summary

• On May 5, 2025, Joseph Thomas Hand, CEO & President of York Water Co., acquired 1,703 shares of common stock as a grant of restricted stock.
• The restricted stock will vest equitably over three years.
• Mr. Hand also indirectly owns 98.462 shares of common stock through his child.
• Following the transaction, Mr. Hand directly owns 37,516.3296 shares of common stock and indirectly owns 98.462 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock is a common practice and suggests confidence in the company's future, but it's not a major event.

Positives

• The grant of restricted stock aligns the CEO's interests with those of the shareholders, incentivizing long-term performance.

Future Outlook

The restricted stock vests over three years, suggesting a commitment to the company's future performance.

Industry Context

Restricted stock grants are a common form of executive compensation in publicly traded companies, particularly in the utility sector, to incentivize long-term value creation.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock grants, are common in the utility industry.
• Companies like American Water Works (AWK) and Essential Utilities (WTRG) also utilize similar compensation strategies to align executive interests with shareholder value.

Stakeholder Impact

• The restricted stock grant aligns management's interests with shareholders, potentially leading to increased shareholder value.

Key Dates

Keywords

Form 4, York Water Co, YORW, Insider Trading, Restricted Stock, Beneficial Ownership, Joseph Thomas Hand, CEO, President