Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-08

Chesapeake Utilities (CPK)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,531,322
Jeffry Householder total, FY2025
36th
CEO pay percentile vs peers
54:1
CEO-to-median pay ratio
96.06%
Say-on-pay support, latest vote
Companies that benchmark against CPK
4 companies name CPK as a compensation peer

Each company listed discloses CPK in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CPK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeffry Householder$872,385$0$2,420,566$0$1,097,863$0$140,508$4,531,322
President and Chief Executive Officer
Beth Cooper509,9230708,2020353,375029,9611,601,461
Executive Vice President, Chief Financial Officer, Treasurer and Assistant Secretary
James Moriarty480,1760667,0470332,790024,4151,504,427
Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer
Jeffrey Sylvester463,0700470,2480302,789041,8191,277,926
Senior Vice President and Chief Operating Officer
Kevin Webber364,1910323,8560227,308038,937954,294
Senior Vice President and Chief Development Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Jeffry Householder$4,531,322$4,154,015$3,428,139+377,307
Beth Cooper1,601,4611,623,6721,462,611−22,211
James Moriarty1,504,4271,503,2441,421,445+1,183
Jeffrey Sylvester1,277,9261,144,1781,016,552+133,748
Kevin Webber954,294946,225889,826+8,069

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Beth CooperPSU2025-02-262,5645,12810,256$708,202
Kevin WebberPSU2025-02-261,1732,3454,690323,856
Jeffry HouseholderPSU2025-02-268,76417,52735,0542,420,566
James MoriartyPSU2025-02-262,4154,8309,660667,047
Jeffrey SylvesterPSU2025-02-261,7033,4056,810470,248
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Beth Cooper$0$708,202$0100.0%
Kevin Webber0323,8560100.0%
Jeffry Householder02,420,5660100.0%
James Moriarty0667,0470100.0%
Jeffrey Sylvester0470,2480100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jeffry HouseholderPSU70,044$8,738,689
Beth CooperPSU22,4802,804,605
James MoriartyPSU21,1682,640,920
Jeffrey SylvesterPSU13,4161,673,780
Kevin WebberPSU10,1381,264,817
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to attract and retain talented executive officers and to incentivize both short-term and long-term financial and operational performance, without encouraging unnecessary risk. The mix of base salary and performance-based incentive awards promotes a pay-for-performance culture, aligning the financial interests of executive officers with those of stockholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0619,756,219811,32362,13296.06%Passed
20242024-05-0818,267,603594,39271,21896.85%Passed
20232023-05-0313,462,565532,75375,78496.19%Passed
20222022-05-0413,773,283280,92797,25098%Passed
20212021-05-0514,026,388207,239118,59898.54%Passed
20202020-05-0712,458,414333,290133,99997.39%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0696.06%a
20242024-05-0896.85%b
20232023-05-0396.19%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)54 : 1
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas J. BresnanIndependent · Lead Independent Director · Audit (Chair) · Investment$152,025$119,975$272,000
Lisa G. BisacciaIndependent · Compensation (Chair) · Corporate Governance124,525119,975244,500
Dennis S. Hudson IIIIndependent · Audit · Corporate Governance (Chair)124,525119,975244,500
Lila A. JaberIndependent · Corporate Governance · Investment107,025119,975227,000
Ronald G. Forsythe JrIndependent · Audit · Compensation107,025119,975227,000
Sheree M. PetroneIndependent · Compensation · Investment107,025119,975227,000
Stephanie N. GaryIndependent · Audit · Departed during FY98,525119,975218,500
Elisabeth A. EdenIndependent · Audit · Newly elected63,14776,717139,864
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$120,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 17,500 / 17,500
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$883,822
Equity awards (grant-date value)$916,542
All other compensation$0
Total cost of the board$1,800,364

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Chesapeake Utilities names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Chesapeake Utilities.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1NiSource Inc.2025Lloyd Yates$1,191,667$9,619,864$0$2,261,784$13,197,800
2Atmos Energy Corporation2025J. Kevin Akers1,147,8025,179,05702,100,5729,953,274
3IDACORP, Inc.2025Lisa Grow1,050,0002,942,30801,785,0017,529,892
4New Jersey Resources Corporation2025Stephen Westhoven1,002,7373,514,63301,398,2866,433,253
5Black Hills Corporation2025Linden Evans995,5942,966,68801,294,8865,991,759
6ONE Gas, Inc.2025Robert McAnnally925,0003,154,36101,300,0005,575,027
7Spire Inc.2025Steven Lindsey497,3081,873,940005,066,799
8NorthWestern Corporation2025Brian Bird921,2632,700,0220743,4005,016,745
9Avista Corporation2025Heather Rosentrater786,8452,653,7430897,7324,773,308
10Chesapeake Utilities2025Jeffry Householder872,3852,420,56601,097,8634,531,322
11ALLETE, Inc.2024Bethany Owen871,1751,378,13801,329,6923,720,063
12Northwest Natural Holding Co.2025Justin Palfreyman812,5001,726,2080726,4063,695,467
13MGE Energy, Inc.2025Jeffrey Keebler795,8331,402,8810865,9203,613,508
14Unitil Corporation2025Thomas Meissner Jr.744,066751,8420662,5913,189,116
15RGC Resources, Inc.2025Paul Nester467,084288,2250184,8661,014,851

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Chesapeake Utilitiesnot disclosedPSU 100not disclosedFW Cook
ALLETE, Inc.153.2%PSU 75 · RSU 25Yes — Relative TSRPearl Meyer
Atmos Energy Corporation153%PSU 75 · RSU 25NoMeridian Compensation Partners, LLC
Avista Corporation114%PSU 65 · RSU 35NoMeridian Compensation Partners
Black Hills Corporation118.4%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian
IDACORP, Inc.170%PSU 67 · RSU 33Yes — TSRPay Governance
MGE Energy, Inc.135.3%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)FW Cook
New Jersey Resources Corporation126.17%PSU 51 · RSU 49NoFW Cook
NiSource Inc.146%PSU 80 · RSU 20Yes — Three-Year RTSRMeridian Compensation Partners
Northwest Natural Holding Co.138.8%PSU 65 · RSU 35NoPay Governance
NorthWestern Corporation80%PSU 70 · RSU 30Yes — TSR relative to peer groupWillis Towers Watson (WTW)
ONE Gas, Inc.140.6%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners
RGC Resources, Inc.not disclosednot disclosednot disclosednot disclosed
Spire Inc.95%PSU 75 · RSU 25NoSemler Brossy Consulting Group LLC
Unitil Corporation137%PSU 50 · RSU 50NoWillis Towers

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jeffry HouseholderDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation”. As printed: 4,531,322. Filing ↗machine: span 694783–694792
2Section 01, Beth CooperDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation”. As printed: 1,601,461. Filing ↗machine: span 706185–706194
3Section 01, James MoriartyDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation”. As printed: 1,504,427. Filing ↗machine: span 717472–717481
4Section 01, Jeffrey SylvesterDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation”. As printed: 1,277,926. Filing ↗machine: span 728707–728716
5Section 01, Kevin WebberDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation”. As printed: 954,294. Filing ↗machine: span 739974–739981
6Section 03, Beth Cooper PSUDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 808607–808614
7Section 03, Kevin Webber PSUDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 820798–820805
8Section 03, Jeffry Householder PSUDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 804765–804774
9Section 03, James Moriarty PSUDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 812449–812456
10Section 03, Jeffrey Sylvester PSUDEF 14A2026-03-250001628280-26-020945Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 816294–816301
11Section 07, pay ratioDEF 14A2026-03-250001628280-26-020945Section “CEO Pay Ratio”. As printed: 54 : 1. Filing ↗
12Section 08, Thomas J. BresnanDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 272,000. Filing ↗machine: span 408224–408232
13Section 08, Lisa G. BisacciaDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 244,500. Filing ↗machine: span 406230–406238
14Section 08, Dennis S. Hudson IIIDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 244,500. Filing ↗machine: span 416581–416589
15Section 08, Lila A. JaberDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 227,000. Filing ↗machine: span 418571–418579
16Section 08, Ronald G. Forsythe JrDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 227,000. Filing ↗machine: span 412403–412411
17Section 08, Sheree M. PetroneDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 227,000. Filing ↗machine: span 420973–420981
18Section 08, Stephanie N. GaryDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 218,500. Filing ↗machine: span 414583–414591
19Section 08, Elisabeth A. EdenDEF 14A2026-03-250001628280-26-020945Section “Director Compensation”. As printed: 139,864. Filing ↗machine: span 410403–410411
20Section 06, 2026 voteForm 8-K2026-05-080001628280-26-032722Item 5.07 · say-on-pay result. As reported: 96.06% (votes for as printed: 19,756,219). Filing ↗
21Section 06, 2024 voteForm 8-K2024-05-130001628280-24-022818Item 5.07 · say-on-pay result. As reported: 96.85% (votes for as printed: 18,267,603). Filing ↗
22Section 06, 2023 voteForm 8-K2023-05-050001193125-23-136870Item 5.07 · say-on-pay result. As reported: 96.19% (votes for as printed: 13,462,565). Filing ↗
23Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)ComputedcomputedCash 883,822 + equity 916,542 + all other 0 = 1,800,364, summed across the director compensation table rows.machine: formula: Σ = 1,800,364
26NiSource Inc., Section 10b CEO totalDEF 14A2026-03-300001140361-26-011851CEO total compensation as printed in NiSource Inc.'s own proxy. As printed: 13,197,800. Filing ↗machine: t253 · r2 · c22 · span 1412582–1412592
27Atmos Energy Corporation, Section 10b CEO totalDEF 14A2025-12-190000731802-25-000076CEO total compensation as printed in Atmos Energy Corporation's own proxy. As printed: 9,953,274. Filing ↗machine: t122 · r2 · c12 · span 827644–827653
28IDACORP, Inc., Section 10b CEO totalDEF 14A2026-04-020001057877-26-000091CEO total compensation as printed in IDACORP, Inc.'s own proxy. As printed: 7,529,892. Filing ↗machine: t35 · r2 · c9 · span 715958–715967
29New Jersey Resources Corporation, Section 10b CEO totalDEF 14A2025-12-100000356309-25-000096CEO total compensation as printed in New Jersey Resources Corporation's own proxy. As printed: 6,433,253. Filing ↗machine: t217 · r2 · c14 · span 1329193–1329202
30Black Hills Corporation, Section 10b CEO totalDEF 14A2026-03-180001193125-26-113958CEO total compensation as printed in Black Hills Corporation's own proxy. As printed: 5,991,759. Filing ↗machine: t83 · r2 · c21 · span 1356271–1356280
31ONE Gas, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-137922CEO total compensation as printed in ONE Gas, Inc.'s own proxy. As printed: 5,575,027. Filing ↗machine: span 1271269–1271278
32Spire Inc., Section 10b CEO totalDEF 14A2025-12-160001308179-25-000657CEO total compensation as printed in Spire Inc.'s own proxy. As printed: 5,066,799. Filing ↗machine: t142 · r16 · c27 · span 939926–939935
33NorthWestern Corporation, Section 10b CEO totalDEF 14A2026-03-120001993004-26-000018CEO total compensation as printed in NorthWestern Corporation's own proxy. As printed: 5,016,745. Filing ↗machine: t153 · r3 · c19 · span 752129–752138
34Avista Corporation, Section 10b CEO totalDEF 14A2026-04-010001193125-26-138034CEO total compensation as printed in Avista Corporation's own proxy. As printed: 4,773,308. Filing ↗machine: span 842223–842232
35Chesapeake Utilities (subject), Section 10b CEO totalDEF 14A2026-03-250001628280-26-020945CEO total compensation as printed in Chesapeake Utilities's own proxy. As printed: 4,531,322. Filing ↗machine: span 694783–694792
36ALLETE, Inc., Section 10b CEO totalDEF 14A2025-03-310000066756-25-000043CEO total compensation as printed in ALLETE, Inc.'s own proxy. As printed: 3,720,063. Filing ↗machine: t44 · r6 · c9 · span 830445–830454
37Northwest Natural Holding Co., Section 10b CEO totalDEF 14A2026-04-170001193125-26-161075CEO total compensation as printed in Northwest Natural Holding Co.'s own proxy. As printed: 3,695,467. Filing ↗machine: t160 · r4 · c31 · span 760924–760933
38MGE Energy, Inc., Section 10b CEO totalDEF 14A2026-04-020001161728-26-000005CEO total compensation as printed in MGE Energy, Inc.'s own proxy. As printed: 3,613,508. Filing ↗machine: r4 · c9 · span 1077549–1077558
39Unitil Corporation, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128263CEO total compensation as printed in Unitil Corporation's own proxy. As printed: 3,189,116. Filing ↗machine: t214 · span 819224–819233
40RGC Resources, Inc., Section 10b CEO totalDEF 14A2025-12-090001437749-25-037188CEO total compensation as printed in RGC Resources, Inc.'s own proxy. As printed: 1,014,851. Filing ↗machine: span 253316–253325
41Section 10a, Unitil Corporation reciprocityDEF 14A0001193125-26-128263Unitil Corporation names Chesapeake Utilities in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, Atmos Energy Corporation reciprocityDEF 14A0000731802-25-000076Atmos Energy Corporation's most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
43Section 10a, IDACORP, Inc. reciprocityDEF 14A0001057877-26-000091IDACORP, Inc.'s most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
44Section 10a, NiSource Inc. reciprocityDEF 14A0001140361-26-011851NiSource Inc.'s most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
45Section 10a, ALLETE, Inc. reciprocityDEF 14A0000066756-25-000043ALLETE, Inc.'s most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
46Section 10a, New Jersey Resources Corporation reciprocityDEF 14A0000356309-25-000096New Jersey Resources Corporation names Chesapeake Utilities in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Northwest Natural Holding Co. reciprocityDEF 14A0001193125-26-161075Northwest Natural Holding Co.'s most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
48Section 10a, ONE Gas, Inc. reciprocityDEF 14A0001193125-26-137922ONE Gas, Inc.'s most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
49Section 10a, NorthWestern Corporation reciprocityDEF 14A0001993004-26-000018NorthWestern Corporation's most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
50Section 10a, Black Hills Corporation reciprocityDEF 14A0001193125-26-113958Black Hills Corporation's most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
51Section 10a, Spire Inc. reciprocityDEF 14A0001308179-25-000657Spire Inc.'s most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
52Section 10a, Avista Corporation reciprocityDEF 14A0001193125-26-138034Avista Corporation's most recent proxy was read; its disclosed peer group does not include Chesapeake Utilities. Filing ↗
53Section 10a, MGE Energy, Inc. reciprocityDEF 14A0001161728-26-000005MGE Energy, Inc. names Chesapeake Utilities in its own disclosed peer group (read from its most recent proxy). Filing ↗