Chesapeake Utilities Management

Management criteria checks 3/4

Chesapeake Utilities' CEO is Jeff Householder, appointed in Jan 2019, has a tenure of 5.83 years. total yearly compensation is $3.27M, comprised of 23.8% salary and 76.2% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth $5.60M. The average tenure of the management team and the board of directors is 4.5 years and 5.8 years respectively.

Key information

Jeff Householder

Chief executive officer

US$3.3m

Total compensation

CEO salary percentage	23.8%
CEO tenure	5.8yrs
CEO ownership	0.2%
Management average tenure	4.5yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Householder's remuneration changed compared to Chesapeake Utilities's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$107m
Jun 30 2024	n/a	n/a	US$99m
Mar 31 2024	n/a	n/a	US$97m
Dec 31 2023	US$3m	US$779k	US$87m
Sep 30 2023	n/a	n/a	US$88m
Jun 30 2023	n/a	n/a	US$88m
Mar 31 2023	n/a	n/a	US$89m
Dec 31 2022	US$3m	US$747k	US$90m
Sep 30 2022	n/a	n/a	US$86m
Jun 30 2022	n/a	n/a	US$89m
Mar 31 2022	n/a	n/a	US$86m
Dec 31 2021	US$3m	US$715k	US$83m
Sep 30 2021	n/a	n/a	US$82m
Jun 30 2021	n/a	n/a	US$79m
Mar 31 2021	n/a	n/a	US$76m
Dec 31 2020	US$2m	US$675k	US$71m
Sep 30 2020	n/a	n/a	US$66m
Jun 30 2020	n/a	n/a	US$63m
Mar 31 2020	n/a	n/a	US$61m
Dec 31 2019	US$3m	US$615k	US$61m
Sep 30 2019	n/a	n/a	US$62m
Jun 30 2019	n/a	n/a	US$62m
Mar 31 2019	n/a	n/a	US$59m
Dec 31 2018	US$819k	US$338k	US$57m
Sep 30 2018	n/a	n/a	US$65m
Jun 30 2018	n/a	n/a	US$66m
Mar 31 2018	n/a	n/a	US$66m
Dec 31 2017	US$719k	US$316k	US$60m

Compensation vs Market: Jeff's total compensation ($USD3.27M) is above average for companies of similar size in the CL market ($USD1.22M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.

CEO

Jeff Householder (66 yo)

5.8yrs

Tenure

US$3,269,505

Compensation

Mr. Jeffry M. Householder, also known as Jeff, serves as Chief Executive Officer and Director since January 1, 2019, Chairman since May 3, 2023 and President since January 1, 2019 at Chesapeake Utilities C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffry Householder	President	5.8yrs	US$3.27m	0.19% $ 5.6m
Beth Cooper	Executive VP	16.2yrs	US$1.41m	0.36% $ 10.6m
Jeffrey Sylvester	Senior VP & COO	2.8yrs	US$987.27k	0.047% $ 1.4m
James Moriarty	Executive VP	9.7yrs	US$1.36m	0.079% $ 2.4m
Kevin Webber	Senior VP & Chief Development Officer	5.8yrs	US$864.77k	0.025% $ 734.0k
Michael Galtman	Senior VP & Chief Accounting Officer	5.6yrs	no data	0.0063% $ 187.7k
Vikrant Gadgil	Senior VP & Chief Information Officer	no data	no data	no data
Lucia Dempsey	Head of Investor Relations	less than a year	no data	no data
Danielle Mulligan	Assistant Vice President of Communications & Marketing	4.5yrs	no data	no data
William Hughston	Senior VP & Chief Human Resources Officer	3.3yrs	no data	no data
Cheryl Martin	Senior Vice President of Regulatory & External Affairs	3.7yrs	no data	no data
Shane Breakie	Vice President of Sustainability & Organic Growth	2.8yrs	no data	no data

4.5yrs

Average Tenure

61yo

Average Age

Experienced Management: CPK's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffry Householder	President	5.8yrs	US$3.27m	0.19% $ 5.6m
Thomas Bresnan	Lead Independent Director	23.8yrs	US$228.00k	0.068% $ 2.0m
Paul Maddock	Independent Director	15.1yrs	US$187.00k	0.15% $ 4.6m
Dennis Hudson	Independent Director	15.1yrs	US$201.00k	0.077% $ 2.3m
Lisa Bisaccia	Independent Director	3.1yrs	US$195.00k	0.0015% $ 44.6k
Lila Jaber	Independent Director	4.8yrs	US$187.00k	0.021% $ 629.1k
Sheree Petrone	Independent Director	2.3yrs	US$187.00k	0.010% $ 302.7k
Ronald Forsythe	Independent Director	10yrs	US$187.00k	0.035% $ 1.0m
Stephanie Gary	Independent Director	2.3yrs	US$181.00k	0.010% $ 302.7k

5.8yrs

Average Tenure

67.5yo

Average Age

Experienced Board: CPK's board of directors are considered experienced (5.8 years average tenure).

Chesapeake Utilities Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently sold US$2.0m worth of stock

Chesapeake Utilities Corporation Names Lucia Dempsey as Head of Investor Relations

Chesapeake Utilities Corporation, Annual General Meeting, May 08, 2024

Senior VP & COO recently sold US$232k worth of stock

Chesapeake Utilities Corporation Announces Board Appointments

Senior VP & Chief Development Officer recently sold US$266k worth of stock

Recent updates

Third quarter dividend of US$0.64 announced

Third quarter 2024 earnings released: EPS: US$0.78 (vs US$0.53 in 3Q 2023)

Chesapeake Utilities Corporation Reaffirms Earnings Guidance for the Year 2024, 2025 and 2028

Chesapeake Utilities Corporation to Report Q3, 2024 Results on Nov 07, 2024

Upcoming dividend of US$0.64 per share

Independent Director recently sold US$2.0m worth of stock

Second quarter 2024 earnings released: EPS: US$0.82 (vs US$0.91 in 2Q 2023)

Chesapeake Utilities Corporation Announces Quarterly Dividend, Payable on October 7, 2024

Chesapeake Utilities Corporation to Report Q2, 2024 Results on Aug 08, 2024

Chesapeake Utilities Corporation Announces the First Injections of Renewable Natural Gas At Its Radio Avenue Injection Point in Yulee, Florida

Upcoming dividend of US$0.64 per share

First quarter dividend increased to US$0.64

First quarter 2024 earnings released: EPS: US$2.08 (vs US$2.05 in 1Q 2023)

Chesapeake Utilities Corporation Raises Quarterly Cash Dividend, Payable on July 5, 2024

Chesapeake Utilities Corporation Names Lucia Dempsey as Head of Investor Relations

Chesapeake Utilities Corporation, Annual General Meeting, May 08, 2024

Upcoming dividend of US$0.59 per share

Fourth quarter dividend of US$0.59 announced

Full year 2023 earnings released: EPS: US$4.75 (vs US$5.07 in FY 2022)

Chesapeake Utilities Corporation Provides Earnings Guidance for the Year 2024 and 2025

Chesapeake Utilities Corporation Declares Quarterly Cash Dividend, Payable on April 5, 2024

Chesapeake Utilities Corporation to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.59 per share at 2.3% yield

Chesapeake Utilities Corporation completed the acquisition of Florida City Gas from NextEra Energy, Inc. for approximately $920 million.

Chesapeake Utilities Corporation completed the acquisition of Florida City Gas from NextEra Energy, Inc. for approximately $920 million.

Chesapeake Utilities Corporation has completed a Follow-on Equity Offering in the amount of $330 million.

Chesapeake Utilities Corporation has filed a Follow-on Equity Offering in the amount of $330 million.

Third quarter 2023 earnings released: EPS: US$0.53 (vs US$0.55 in 3Q 2022)

Chesapeake Utilities Corporation Reaffirms Earnings Guidance for the Year 2025

Chesapeake Utilities Corporation to Report Q3, 2023 Results on Nov 02, 2023

Chesapeake Utilities Corporation entered into a definitive agreement to acquire Florida City Gas from NextEra Energy, Inc. for approximately $920 million.

Upcoming dividend of US$0.59 per share at 2.2% yield

Second quarter 2023 earnings released: EPS: US$0.91 (vs US$0.96 in 2Q 2022)

Chesapeake Utilities Corporation Provides Earnings Guidance for the Year 2025

Senior VP & COO recently sold US$232k worth of stock

Chesapeake Utilities Corporation to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.59 per share at 1.8% yield

Chesapeake Utilities Corporation Announces Board Appointments

First quarter 2023 earnings released: EPS: US$2.05 (vs US$2.09 in 1Q 2022)

Chesapeake Utilities Corporation Approves Quarterly Cash Dividend, Payable on July 5, 2023

Senior VP & Chief Development Officer recently sold US$266k worth of stock

Upcoming dividend of US$0.54 per share at 1.7% yield

Full year 2022 earnings released: EPS: US$5.07 (vs US$4.75 in FY 2021)

Chesapeake Utilities Corporation to Report Q4, 2022 Results on Feb 22, 2023

Upcoming dividend of US$0.54 per share

Chesapeake Utilities Corporation (NYSE:CPK) acquired Planet Found Energy Development, LLC for $9.4 million.

Third quarter 2022 earnings released: EPS: US$0.55 (vs US$0.71 in 3Q 2021)

Chesapeake Utilities Corporation Announces Quarterly Dividend, Payable on January 5, 2023

Chesapeake Utilities Corporation Provides Earnings Guidance for the Year 2025

Chesapeake Utilities Corporation to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.54 per share

Chesapeake Utilities Corporation Announces Quarterly Dividend, Payable on October 5, 2022

Second quarter 2022 earnings released: EPS: US$0.96 (vs US$0.79 in 2Q 2021)

Chesapeake Utilities Corporation Announces Board Appointments

Chesapeake Utilities Corporation to Report Q2, 2022 Results on Aug 03, 2022

Chesapeake Utilities Corporation Announces Sharon Grant as New Diversity Officer

Upcoming dividend of US$0.54 per share

Chesapeake Utilities Corporation Raises Quarterly Cash Dividend, Payable on July 5, 2022

First quarter 2022 earnings released: EPS: US$2.09 (vs US$1.97 in 1Q 2021)

Chesapeake Utilities Corporation to Report Q1, 2022 Results on May 03, 2022

Upcoming dividend of US$0.48 per share

Chesapeake Utilities Corporation Names Amanda Chi as the Company's Director of ESG Strategy and Reporting

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Chesapeake Utilities Corporation Declares Quarterly Cash Dividend, Payable on April 5, 2022

Chesapeake Utilities Corporation to Report Fiscal Year 2021 Results on Feb 23, 2022

Upcoming dividend of US$0.48 per share

Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.56 in 3Q 2020)

Upcoming dividend of US$0.48 per share

Second quarter 2021 earnings released: EPS US$0.79 (vs US$0.65 in 2Q 2020)