Webber Kevin J 4/A

What Happened
Kevin J. Webber, Senior Vice President & Chief Development Officer of Chesapeake Utilities (CPK), had 79 shares of company stock disposed (withheld) to satisfy tax withholding related to a performance share award. The withholding occurred on 2026-02-24 at $135.05 per share for a total value of $10,669. The action was reported in an amended Form 4 filed 2026-05-15.

Key Details

• Transaction date and price: 2026-02-24, 79 shares at $135.05, total $10,669.
• Transaction code: F (payment of exercise price or tax liability — tax withholding, not an open-market sale).
• Award details (footnote): 3,336 shares were earned under a performance share agreement; 0 shares were issued directly, 3,257 deferred stock units (DSUs) were granted, and 79 shares were used to cover the tax liability (3,257 DSUs + 79 shares = 3,336).
• Additional holdings note (footnote): Filing references 9,389 deferred stock units that will be settled one-for-one in common stock.
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing status: Amended Form 4 filed 2026-05-15 reporting a 2026-02-24 transaction (reporting delayed relative to transaction date).

Context
This was a routine tax-withholding disposition tied to a performance award (not a market sale or a discretionary sale by the insider). The majority of the award was converted into deferred stock units that will convert to common shares later; withholding 79 shares to cover taxes is common and does not, by itself, signal buy/sell intent.