Webber Kevin J 4

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.