Householder Jeffry M 4/A
Research Summary
AI-generated summary
Chesapeake Utilities CEO Jeffry Householder Sells 497 Shares
What Happened Jeffry M. Householder, President & CEO and Director of Chesapeake Utilities Corp (CPK), had 497 shares of CPK common stock disposed to satisfy the tax liability tied to a performance share award. The 497 shares were valued at $135.05 each, for a total of $67,120. The underlying award totaled 21,123 shares, but the reporting individual received 0 shares in cash — 20,626 were granted as deferred stock units and 497 shares were used to cover taxes.
Key Details
- Transaction date: 2026-02-24; reported in an amended Form 4 filed 2026-05-15. Footnote notes original reporting on Feb 26, 2026.
- Transaction type/code: F — payment of exercise price or tax liability (disposition).
- Shares disposed: 497 at $135.05 each = $67,120.
- Award breakdown (Footnote F1): 21,123 shares earned → 0 shares issued to the individual + 20,626 deferred stock units granted + 497 shares used for tax withholding.
- Additional holdings (Footnote F2): Includes 52,130 deferred stock units that will be settled one-for-one in common stock.
- Shares owned after transaction: Not specified in this amended filing.
- Filing status: Amended filing (corrects or supplements the earlier report).
Context This was a tax-withholding/covering action associated with a performance share award, not an open-market sale of newly acquired shares. The bulk of the award was issued as deferred stock units (20,626), which are typically settled for shares at a later date; 497 shares were surrendered to satisfy taxes. Amended filings are used to correct or clarify previous disclosures and do not, by themselves, indicate a change in intent or timing of the original transaction.