York Water (YORW) CEO Joseph Hand Receives 103-Share Award
$YORW · YORK WATER COResearch Summary
AI-generated summary of this SEC filing
York Water (YORW) CEO Joseph Hand Receives 103-Share Award
What Happened
Joseph T. Hand, President, CEO and Director of York Water Company (YORW), acquired 102.999 shares on April 16, 2026 at $29.13 per share, a total value of approximately $3,000. The Form 4 was amended (filed Aug 27, 2026) to correct the transaction code to "A" (award/grant/acquisition); the shares were acquired under the issuer’s Employees’ Stock Purchase Plan.
Key Details
- Transaction date: April 16, 2026; Price: $29.13 per share; Shares acquired: 102.999; Total value: ~$3,000.
- Amendment: Original Form 4 (filed Apr 16, 2026) was amended to change the code from "P" to "A" (Footnote F1).
- Exemption: Transaction was exempt under Rule 16b-3(d) and 16b-3(c) as noted in the filing (ESPP acquisition).
- Shares owned after transaction: Not specified in the summary provided here; the filing notes that the amount shown on the form (as of the amendment filing) includes shares held via the company’s Dividend Reinvestment Program (DRIP) (Footnote F2).
- No indication in the amendment that this was a sale or a derivative exercise; it is an acquisition under an employee plan.
Context
This is a routine acquisition through an employee benefit plan (ESPP), which companies commonly use to allow employees to buy stock, and is generally treated by investors as an insider purchase (a potentially positive signal). The amendment only corrects the transaction classification and does not change the underlying economic details of the acquisition.