Scarpato Matthew J 4
Research Summary
AI-generated summary
York Water (YORW) COO Matthew Scarpato Receives 796-Share Award
What Happened
Matthew J. Scarpato, Chief Operating Officer of York Water Co. (YORW), was granted 796 shares of restricted stock on 2026-05-04. The grant was recorded at $0.00 per share (award/acquisition), meaning no cash was paid by the insider for these shares. Footnote F1 states the restricted stock will vest equitably over three years.
Key Details
- Transaction date: 2026-05-04; filing date: 2026-05-06 (appears timely).
- Transaction type/code: Award/Grant (A); 796 shares; price reported $0.00; total reported consideration $0.
- Vesting: See F1 — vests evenly over three years.
- Reported ownership: the provided summary does not list the total shares owned by Scarpato after this grant.
- Footnote F2: reported holdings include shares acquired under The York Water Company dividend reinvestment plan (DRIP).
- No indication this was a sale or option exercise—this is a compensation award, not an open-market purchase.
Context
Restricted stock awards are common executive compensation and vest over time, so they are not an immediate open-market bullish signal. These grants reflect company compensation practices rather than an outright insider purchase or sale.