Form 4: York Water Co. VP Matthew J. Scarpato Receives Restricted Stock Grant

Matthew J. Scarpato, VP of Operations at York Water Co., reports the acquisition of 156 shares of common stock through a restricted stock grant.

Summary

• On May 6, 2024, Matthew J. Scarpato, VP of Operations at York Water Co., acquired 156 shares of common stock.
• The acquisition was a grant of restricted stock that will vest equitably over three years.
• The reporting person also owns 364.34 shares acquired under The York Water Company dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The stock grant is a standard practice and aligns management with shareholder interests. The dividend reinvestment plan shows a long-term commitment.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders.
• Participation in the dividend reinvestment plan demonstrates a long-term investment perspective.

Industry Context

Executive compensation through stock grants is a common practice in the utility industry to incentivize performance and align management's interests with shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the utility sector, similar to companies like American Water Works (AWK) and Essential Utilities (WTRG).
• The vesting schedule of three years is also standard practice to ensure long-term commitment.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of the shareholders, potentially leading to better company performance.
• Employees may view the stock grant as a positive sign of the company's commitment to its leadership.

Key Dates