Sylvester Jeffery S 4
Research Summary
AI-generated summary
Chesapeake Utilities (CPK) COO Jeffery S. Sylvester Receives 3,899 Shares
What Happened
- Jeffery S. Sylvester, Senior Vice President & Chief Operating Officer of Chesapeake Utilities Corporation, was granted/issued 3,899 shares on 2026-02-24. The grant price is reported at $135.05 per share, for a total reported value of approximately $526,560. This transaction is an award/acquisition (not a sale).
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (within the typical 2-business-day reporting window).
- Award details: 3,899 shares at $135.05 each; total value ~$526,560.
- Shares owned after the transaction: not specified in the provided filing details.
- Notable footnotes:
- F1: A portion of the issued shares will be withheld to cover tax withholding; the amount is not yet determined and will be reported in an amendment or subsequent Form 4.
- F2: Includes 10 shares acquired since last filing through dividend reinvestment under the company’s DRIP.
- F3: Filing notes inclusion of 10,130 deferred stock units (DSUs), of which 56 were acquired via dividend reinvestment since the last filing; DSUs settle one-for-one into common stock.
- F4: One additional share was purchased via reinvested 401(k) dividends since the last filing.
Context
- Code "A" indicates this was an award/grant or other acquisition rather than an open-market purchase or sale. Awards and deferred stock unit activity are often routine components of executive compensation; the filing itself does not state any change in intent to buy or sell additional shares.