Cooper Beth W 4/A

What Happened Beth W. Cooper, Executive Vice President & Chief Financial Officer of Chesapeake Utilities Corp. (CPK), had 3,480 shares of CPK common stock disposed on February 24, 2026 to satisfy tax withholding associated with a performance share award. The shares were valued at $135.05 each for a total of $469,974. This was a tax-withholding disposition (routine), not an open-market sale indicating a change in investment stance.

Key Details

• Transaction date and price: 2026-02-24 at $135.05 per share.
• Shares withheld/disposed: 3,480; cash value: $469,974.
• Award breakdown (footnote): 7,557 total performance shares were earned; 4,077 shares were issued to Ms. Cooper, 0 deferred stock units granted, and 3,480 shares were used to satisfy the tax liability (4,077 + 0 + 3,480 = 7,557).
• Reported holdings note (footnote): Includes 28,115 deferred stock units that will settle one-for-one into common stock.
• Filing status: This is an amended Form 4 filed May 15, 2026; the original reporting was made Feb 26, 2026 for the Feb 24 transaction. The timing indicates an amended/late filing vs. the usual 2-business-day Form 4 requirement.

Context

• This was a tax-withholding (F) disposition tied to a performance award, effectively a cashless settlement to cover taxes — a routine administrative action that doesn’t necessarily signal insider sentiment.
• No exercise of options or open-market sale was reported here; the reporting clarifies how the incentive award was allocated and taxed.