Moriarty James F 4
Research Summary
AI-generated summary
Chesapeake Utilities (CPK) EVP James Moriarty Receives Award
What Happened
James F. Moriarty, Executive Vice President & General Counsel of Chesapeake Utilities Corporation (CPK), received a stock award of 7,557 shares on 2026-02-24. The award is reported at $135.05 per share, for a total reported value of $1,020,573. This was an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely filing within required window).
- Award details: 7,557 shares acquired at $135.05/share (total ~$1,020,573).
- Shares owned after transaction: Not specified in the provided filing.
- Tax withholding: A portion of the awarded shares will be withheld to cover tax liability; the exact amount has not yet been determined and will be reported later (footnote F1).
- Dividend/reinvestment items noted in filing: includes 117 additional shares acquired since last filing via dividend reinvestment (F2); 12,457 deferred stock units (69 added via dividend reinvestment) that settle 1-for-1 into common stock (F3); and 3 shares purchased via 401(k) dividend reinvestment (F4).
Context
This was a compensation-related stock award (not a sale or a voluntary open-market buy). Awards and deferred stock units are commonly used for executive compensation and typically reflect pay, not a direct buy/sell signal. The tax withholding of some awarded shares is routine; the filing indicates the withholding amount will be reported later when determined.