John R. Schimkaitis - Apr 3, 2023 Form 4 Insider Report for CHESAPEAKE UTILITIES CORP (CPK)

Role
Director, Chair of the Board
Signature
Beth W. Cooper, by Power of Attorney
Stock symbol
CPK
Transactions as of
Apr 3, 2023
Transactions value $
-$317,539
Form type
4
Date filed
4/5/2023, 09:46 PM
Previous filing
Feb 1, 2023
Next filing
Jan 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPK Common Stock Sale -$176K -1.39K -1.74% $126.70 78.6K Apr 3, 2023 Direct F1, F4
transaction CPK Common Stock Sale -$131K -1.03K -1.31% $127.34 77.5K Apr 3, 2023 Direct F2, F4
transaction CPK Common Stock Sale -$10.4K -81 -0.1% $128.31 77.4K Apr 3, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale of shares on this Form 4 was effected pursuant to a Rule 10b 5-1 trading plan adopted by the reporting person on February 24, 2023. Broker open market sales of 1,390 shares on behalf of the reporting individual ranged from $126.09 to $127.09 in multiple transactions. Full information regarding the number of shares sold at each separate price will be provided upon request.
F2 The sale of shares on this Form 4 was effected pursuant to a Rule 10b 5-1 trading plan adopted by the reporting person on February 24, 2023. Broker open market sales of 1,029 shares on behalf of the reporting individual ranged from $127.13 to $127.89 in multiple transactions. Full information regarding the number of shares sold at each separate price will be provided upon request.
F3 The sale of shares on this Form 4 was effected pursuant to a Rule 10b 5-1 trading plan adopted by the reporting person on February 24, 2023.
F4 Includes 3,092 deferred stock units, of which 14 were acquired for the reporting person since the last filing through reinvestment of dividends pursuant to a dividend reinvestment plan. Deferred stock units will be settled on a one-for-one basis in common stock.