Jeffery S. Sylvester - 23 Feb 2022 Form 4/A - Amendment Insider Report for CHESAPEAKE UTILITIES CORP (CPK)

Role: Senior VP & COO
Signature: Beth W. Cooper, by Power of Attorney
Issuer symbol: CPK
Transactions as of: 23 Feb 2022
Net transactions value: -$110,621
Form type: 4/A - Amendment
Filing time: 01 Feb 2023, 12:37:33 UTC
Date Of Original Report: 25 Feb 2022
Previous filing: 14 Feb 2022
Next filing: 14 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPK	Common Stock	Tax liability	$110,621	-851	-12%	$129.99^*	6,234	23 Feb 2022	Direct	F1, F2
holding	CPK	Common Stock						52	23 Feb 2022	401k Plan

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As reported on February 25, 2022, 4,127 shares of Chesapeake Utilities Corporation common stock were earned pursuant to a performance share agreement in place with the reporting individual. The reporting individual previously elected to receive a portion of the award in deferred stock units in lieu of shares. Accordingly, 2,020 deferred stock units were granted, 851 shares were utilized to satisfy the tax liability associated with the incentive award with the remaining 1,256 shares issued to the reporting person (2,020 deferred stock units + 851 shares to cover the tax liability + 1,256 shares issued to the reporting individual = 4,127 total shares comprising the incentive award).
F2	Includes 1,058 deferred stock units that will be settled on a one-for-one basis in common stock.

Content

As reported on February 25, 2022, 4,127 shares of Chesapeake Utilities Corporation common stock were earned pursuant to a performance share agreement in place with the reporting individual. The reporting individual previously elected to receive a portion of the award in deferred stock units in lieu of shares. Accordingly, 2,020 deferred stock units were granted, 851 shares were utilized to satisfy the tax liability associated with the incentive award with the remaining 1,256 shares issued to the reporting person (2,020 deferred stock units + 851 shares to cover the tax liability + 1,256 shares issued to the reporting individual = 4,127 total shares comprising the incentive award).

Includes 1,058 deferred stock units that will be settled on a one-for-one basis in common stock.