Form 4: York Water Co: COO Acquires Shares, Vesting Over Three Years

Matthew J. Scarpato, Chief Operating Officer of The York Water Company, acquired 796 shares of common stock on May 4, 2026, as part of a restricted stock grant.

Summary

• Matthew J. Scarpato, Chief Operating Officer of The York Water Company (YORW), acquired 796 shares of common stock on May 4, 2026.
• These shares were acquired as a grant of restricted stock, which will vest equitably over a three-year period.
• The acquisition price was $0, indicating it was a stock grant.
• Following this transaction, Scarpato beneficially owns 1,870.077 shares directly.
• The filing also notes that Scarpato's holdings include shares acquired through The York Water Company's dividend reinvestment plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting on routine executive compensation and stock acquisition rather than significant financial performance or strategic shifts.

Positives

• The Chief Operating Officer has acquired additional shares, aligning management's interests with shareholders.
• The restricted stock grant vests over three years, indicating a long-term commitment from the COO.
• The COO's holdings are supplemented by shares acquired through the dividend reinvestment plan, suggesting participation in the company's growth.

Future Outlook

The restricted stock grant is set to vest equitably over three years, indicating a phased increase in the COO's direct beneficial ownership.

Industry Context

StockSavvy.ai notes that insider stock grants, especially those with multi-year vesting periods, are common mechanisms for executive compensation and retention in the utility sector, aiming to align leadership's long-term interests with those of the company and its shareholders.

Stakeholder Impact

• Shareholders: The acquisition of shares by the COO, particularly through a restricted stock grant, can be viewed positively as it aligns management's interests with long-term shareholder value.
• Employees: The use of stock grants for executive compensation is a standard practice that can indirectly influence company culture and performance expectations.
• Management: The COO's direct beneficial ownership increases, reflecting a commitment to the company's future performance.

Next Steps

• Vesting of restricted stock over the next three years.
• Continued participation in The York Water Company's dividend reinvestment plan.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Grant, Restricted Stock, York Water Company, YORW, Matthew J. Scarpato, Chief Operating Officer, Beneficial Ownership, Dividend Reinvestment Plan