Jeffery S. Sylvester - 24 Feb 2021 Form 4/A - Amendment Insider Report for CHESAPEAKE UTILITIES CORP (CPK)

Role: Senior Vice President
Signature: Beth W. Cooper, by Power of Attorney
Issuer symbol: CPK
Transactions as of: 24 Feb 2021
Transactions value $: -$129,642
Form type: 4/A - Amendment
Date filed: 14 Feb 2022, 09:26
Date Of Original Report: 26 Feb 2021
Next filing: 14 Feb 2022
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	-$130K	-1.23K	-29.48%	$105.40^*	2.94K	24 Feb 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As reported on February 26, 2021, 4,173 shares of 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, 1,043 deferred stock units were granted, 1,230 shares of Chesapeake stock were utilized to satisfy the tax liability associated with incentive award with the remaining 1,900 shares of Chesapeake common stock issued to the reporting person (1,043 deferred stock units + 1,230 shares to cover the tax liability + 1,900 issued to the reporting individual = 4,173 total shares comprising the incentive award).
F2	Includes 1,043 deferred stock units that will be settled on a one-for-one basis in common stock.

Content

As reported on February 26, 2021, 4,173 shares of 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, 1,043 deferred stock units were granted, 1,230 shares of Chesapeake stock were utilized to satisfy the tax liability associated with incentive award with the remaining 1,900 shares of Chesapeake common stock issued to the reporting person (1,043 deferred stock units + 1,230 shares to cover the tax liability + 1,900 issued to the reporting individual = 4,173 total shares comprising the incentive award).

Includes 1,043 deferred stock units that will be settled on a one-for-one basis in common stock.