Webber Kevin J 4
4 · CHESAPEAKE UTILITIES CORP · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Chesapeake Utilities (CPK) Sr VP Kevin J. Webber Receives Award
What Happened Kevin J. Webber, Senior Vice President & Chief Development Officer of Chesapeake Utilities Corporation (CPK), received a grant/award of 3,336 shares on February 24, 2026. The award is reported at a per-share value of $135.05, for a total reported value of $450,527. This is an issuance/award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-24; price/value reported: $135.05 per share; total value $450,527.
- Transaction type: Award/grant (Form 4 code A).
- Shares owned after transaction: not explicitly stated in the filing summary; filing notes include existing deferred stock units and 401(k) reinvestments (see footnotes).
- Notable footnotes:
- F1: A portion of the awarded shares will be withheld to cover tax withholding; the exact tax liability has not been determined and will be reported in an amendment or subsequent Form 4. (Tax withholding often reduces the net shares received.)
- F2: Filing “includes 6,132 deferred stock units” (DSUs); 34 DSUs were added since the last filing via dividend reinvestment. DSUs settle one-for-one in common stock.
- F3: Dividends in the 401(k) plan were reinvested to buy 3 additional CPK shares since the last filing.
- Filing date: 2026-02-26; reported two days after the transaction date (generally timely under Form 4 rules).
Context This filing reflects a compensation-related equity award rather than an insider purchasing stock on the open market. Awards like this are common as part of executive compensation and do not, by themselves, indicate the insider’s personal buying or selling intent. The F1 tax withholding means the actual number of shares the insider will receive may be reduced; DSUs noted in F2 will convert to common shares on a one-for-one basis when settled.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-24$135.05/sh+3,336$450,527→ 14,681 total
- 503(indirect: By 401(k))
Common Stock
[F3]
Footnotes (3)
- [F1]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.
- [F2]Includes 6,132 deferred stock units of which 34 were acquired for the reporting person since the last filing through reinvestment of dividends pursuant to a dividend reinvestment plan. Deferred stock units will be settled on a one-for-one basis in common stock.
- [F3]Dividends payable on 401k Plan shares were reinvested to purchase 3 additional shares of Chesapeake Utilities Corporation common stock since last filing.