CFO at Chesapeake Utilities (NYSE: CPK) receives 7,557-share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chesapeake Utilities Corp executive Beth W. Cooper reported an equity award of common stock. As Executive VP & CFO, she acquired 7,557 shares of Chesapeake Utilities common stock on grant or award terms valued at $135.05 per share, increasing her directly held stake to 98,590 shares.
A footnote explains that a portion of the granted shares will be withheld later to cover tax liabilities, which will be detailed in an amended or subsequent Form 4. Cooper also reports indirect ownership of 14,202 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cooper Beth W
Role
Executive VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,557 | $135.05 | $1.02M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 98,590 shares (Direct);
Common Stock — 14,202 shares (Indirect, 401k Plan)
Footnotes (1)
- A portion of these shares will be withheld to account for the payment of the tax liability associated with the issuance of the shares. Such tax liability has not been determined. The tax liability, when determined, will be reflected on an amendment to this Form 4 or a subsequently filed Form 4. Includes 28,115 deferred stock units that will be settled on a one-for-one basis in common stock.
FAQ
What insider transaction did Chesapeake Utilities (CPK) report for Beth W. Cooper?
Chesapeake Utilities reported that Executive VP & CFO Beth W. Cooper received a grant of 7,557 shares of common stock. The shares were awarded at a reference value of $135.05 per share, increasing her directly held stake to 98,590 shares.
Does Beth W. Cooper’s Chesapeake Utilities (CPK) Form 4 mention deferred stock units?
Yes. A footnote explains that her reported holdings include 28,115 deferred stock units that will be settled one-for-one in common stock. These units add to her overall economic interest beyond currently issued and outstanding common shares.
How is Beth W. Cooper’s indirect ownership in Chesapeake Utilities (CPK) structured?
The filing shows 14,202 common shares of Chesapeake Utilities held indirectly through a 401(k) plan. This indirect position is reported separately from her directly held 98,590 shares, reflecting retirement-plan-based ownership rather than standard brokerage holdings.