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.
Each company listed discloses YORW 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 YORW in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Joseph Hand | $412,175 | — | $100,074 | — | $43,960 | — | $16,066 | $572,275 |
| President, Chief Executive Officer | ||||||||
| Matthew Poff | 277,164 | — | 40,148 | — | 28,370 | — | 10,715 | 356,397 |
| Chief Financial Officer | ||||||||
| Alexandra Chiaruttini | 251,396 | — | 36,411 | — | 25,730 | — | 27,896 | 341,433 |
| Chief Administrative Officer and General Counsel | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Joseph Hand | $572,275 | — | — | — |
| Matthew Poff | 356,397 | — | — | — |
| Alexandra Chiaruttini | 341,433 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Joseph Hand | PSU | 3,077 | — | $97,972 |
| CPA | PSU | 2,116 | — | 67,373 |
| Esq | PSU | 1,917 | — | 61,037 |
The goal of the executive compensation programs is to attract, motivate and retain senior management. The company believes its combination of base salary, cash and stock based incentives and deferred compensation programs properly supports this goal while providing increased value to customers and shareholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Herbein + Company, Inc. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-04 | 8,768,167 | 603,111 | 97,119 | 93.56% | Passed |
| 2025 | 2025-05-05 | 8,192,811 | 430,884 | 90,061 | 95% | Passed |
| 2024 | 2024-05-06 | 8,082,563 | 401,385 | 127,899 | 95.27% | Passed |
| 2023 | 2023-05-01 | 8,032,105 | 321,705 | 198,697 | 96.15% | Passed |
| 2020 | 2020-05-04 | 7,298,811 | 243,281 | 247,985 | 96.77% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-04 | 93.56%a |
| 2025 | 2025-05-05 | 95%b |
| 2024 | 2024-05-06 | 95.27%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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Paul R. Bonney, EsqIndependent · Board Chair · Executive (Chair) | $47,507 | $6,190 | $0 | — | $0 | $53,697 |
| Paul R. BonneyIndependent | 47,507 | 6,190 | — | — | — | 53,697 |
| Steven R. Rasmussen, CPAIndependent · Audit (Chair) | 42,037 | 6,190 | 0 | — | 0 | 48,227 |
| Steven R. RasmussenIndependent | 42,037 | 6,190 | — | — | — | 48,227 |
| Douglas S. BrossmanIndependent · Compensation (Chair) · Nominating and Corporate Governance | 40,127 | 6,190 | 0 | — | 0 | 46,317 |
| Laura T. WandIndependent · Audit · Nominating and Corporate Governance | 39,507 | 6,190 | 0 | — | 0 | 45,697 |
| George W. HodgesIndependent · Departed during FY | 39,107 | 6,190 | 0 | — | 0 | 45,297 |
| Erin C. McGlaughlinIndependent · Nominating and Corporate Governance (Chair) | 38,107 | 6,190 | 0 | — | 0 | 44,297 |
| Jody L. Keller, SPHRIndependent · Executive · Compensation | 35,737 | 6,190 | 0 | — | 0 | 41,927 |
| Jeffrey R. Hines, P.EIndependent · Departed during FY | 35,727 | 6,190 | 0 | — | 0 | 41,917 |
| Robert F. LambertIndependent · Audit · Compensation | 39,477 | 2,040 | 0 | — | 0 | 41,517 |
| Michael W. GangIndependent | 28,217 | 6,190 | — | — | — | 34,407 |
| Michael W. Gang, EsqIndependent · Departed during FY | 28,217 | 6,190 | 0 | — | 0 | 34,407 |
| William T. Yanavitch IIIndependent · Executive | 12,510 | 0 | 0 | — | 0 | 12,510 |
| Joseph T. HandEmployee director | — | — | — | — | — | 0 |
| Annual cash retainer | $30,000 |
|---|---|
| Annual equity retainer | $9,000 |
| Per board meeting fee | $810 |
| Committee chair fees (audit / comp / nom-gov) | 1,800 / 1,090 / 1,090 |
| Stock ownership guideline | $90,000 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $515,821 |
| Equity awards (grant-date value) | $76,320 |
| All other compensation | $0 |
| Total cost of the board | $592,141 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies York Water 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 York Water.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Until Corporation | 2025 | Thomas Meissner Jr. | $744,066 | $751,842 | $0 | $662,591 | $3,189,116 |
| 2 | Fuel Cell Energy | 2025 | Jason Few | 582,036 | 1,420,380 | 0 | 686,376 | 2,752,725 |
| 3 | RGC Resources | 2025 | Paul Nester | 467,084 | 288,225 | 0 | 184,866 | 1,014,851 |
| 4 | Pure Cycle Corporation | 2025 | Mark Harding | 525,000 | 114,300 | 0 | 0 | 965,016 |
| 5 | Global Water Resources | 2025 | Ron Fleming | 385,000 | 259,252 | 0 | 156,352 | 819,403 |
| 6 | Montauk Renewables, Inc. | 2025 | Sean McClain | 454,713 | 0 | 0 | 0 | 671,702 |
| 7 | York Water | 2025 | Joseph Hand | 412,175 | 100,074 | — | 43,960 | 572,275 |
| — | Middlesex Water Company | — | — | — | — | — | — | not in coverage universe |
| — | Consolidated Water Co. Ltd. | — | — | — | — | — | — | not in coverage universe |
| — | Artesian Water Company | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| York Water | not disclosed | Restricted Stock 100 | not disclosed | Herbein + Company, Inc. |
| Artesian Water Company | not disclosed | not disclosed | not disclosed | not disclosed |
| Consolidated Water Co. Ltd. | not disclosed | not disclosed | not disclosed | not disclosed |
| Fuel Cell Energy | 100% | PSU 50 · RSU 50 | Yes — Relative TSR (Russell 2000 Index) | Meridian Compensation Partners, LLC |
| Global Water Resources | not disclosed | RSU 50 · Cash 50 | not disclosed | FW Cook |
| Middlesex Water Company | not disclosed | not disclosed | not disclosed | not disclosed |
| Montauk Renewables, Inc. | not disclosed | Options 100 | not disclosed | not disclosed |
| Pure Cycle Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| RGC Resources | not disclosed | not disclosed | not disclosed | not disclosed |
| Until Corporation | 137% | PSU 50 · RSU 50 | No | Willis 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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Joseph Hand | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Summary Compensation Table”. As printed: 572,275. Filing ↗ |
| 2 | Section 01, Matthew Poff | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Summary Compensation Table”. As printed: 356,397. Filing ↗ |
| 3 | Section 01, Alexandra Chiaruttini | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Summary Compensation Table”. As printed: 341,433. Filing ↗ |
| 4 | Section 08, Paul R. Bonney, Esq | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 53,697. Filing ↗ |
| 5 | Section 08, Paul R. Bonney | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 53,697. Filing ↗ |
| 6 | Section 08, Steven R. Rasmussen, CPA | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 48,227. Filing ↗ |
| 7 | Section 08, Steven R. Rasmussen | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 48,227. Filing ↗ |
| 8 | Section 08, Douglas S. Brossman | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 46,317. Filing ↗ |
| 9 | Section 08, Laura T. Wand | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 45,697. Filing ↗ |
| 10 | Section 08, George W. Hodges | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 45,297. Filing ↗ |
| 11 | Section 08, Erin C. McGlaughlin | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 44,297. Filing ↗ |
| 12 | Section 08, Jody L. Keller, SPHR | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 41,927. Filing ↗ |
| 13 | Section 08, Jeffrey R. Hines, P.E | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 41,917. Filing ↗ |
| 14 | Section 08, Robert F. Lambert | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 41,517. Filing ↗ |
| 15 | Section 08, Michael W. Gang | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 34,407. Filing ↗ |
| 16 | Section 08, Michael W. Gang, Esq | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 34,407. Filing ↗ |
| 17 | Section 08, William T. Yanavitch II | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 12,510. Filing ↗ |
| 18 | Section 08, Joseph T. Hand | DEF 14A | 2026-03-20 | 0000108985-26-000024 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 19 | Section 06, 2026 vote | Form 8-K | 2026-05-05 | 0000108985-26-000038 | Item 5.07 · say-on-pay result. As reported: 93.56% (votes for as printed: 8,768,167 Shares). Filing ↗ |
| 20 | Section 06, 2025 vote | Form 8-K | 2025-05-06 | 0000108985-25-000040 | Item 5.07 · say-on-pay result. As reported: 95% (votes for as printed: 8,192,811 Shares). Filing ↗ |
| 21 | Section 06, 2024 vote | Form 8-K | 2024-05-07 | 0000108985-24-000041 | Item 5.07 · say-on-pay result. As reported: 95.27% (votes for as printed: 8,082,563 Shares). Filing ↗ |
| 22 | Section 09b board cost (computed) | Computed | — | computed | Cash 515,821 + equity 76,320 + all other 0 = 592,141, summed across the director compensation table rows.machine: formula: Σ = 592,141 |
| 23 | Until Corporation, Section 10b CEO total | DEF 14A | 2026-03-27 | 0001193125-26-128263 | CEO total compensation as printed in Until Corporation's own proxy. As printed: 3,189,116. Filing ↗machine: t214 · span 819224–819233 |
| 24 | Fuel Cell Energy, Section 10b CEO total | DEF 14A | 2026-02-18 | 0001104659-26-017145 | CEO total compensation as printed in Fuel Cell Energy's own proxy. As printed: 2,752,725. Filing ↗machine: t157 · r5 · c12 · span 1135829–1135838 |
| 25 | RGC Resources, Section 10b CEO total | DEF 14A | 2025-12-09 | 0001437749-25-037188 | CEO total compensation as printed in RGC Resources's own proxy. As printed: 1,014,851. Filing ↗machine: span 253316–253325 |
| 26 | Pure Cycle Corporation, Section 10b CEO total | DEF 14A | 2025-12-04 | 0001104659-25-118311 | CEO total compensation as printed in Pure Cycle Corporation's own proxy. As printed: 965,016. Filing ↗machine: span 328887–328894 |
| 27 | Global Water Resources, Section 10b CEO total | DEF 14A | 2026-03-31 | 0001628280-26-022461 | CEO total compensation as printed in Global Water Resources's own proxy. As printed: 819,403. Filing ↗machine: r2 · c24 · span 307730–307737 |
| 28 | Montauk Renewables, Inc., Section 10b CEO total | DEF 14A | 2026-04-10 | 0001193125-26-150358 | CEO total compensation as printed in Montauk Renewables, Inc.'s own proxy. As printed: 671,702. Filing ↗machine: r4 · c39 · span 310462–310469 |
| 29 | York Water (subject), Section 10b CEO total | DEF 14A | 2026-03-20 | 0000108985-26-000024 | CEO total compensation as printed in York Water's own proxy. As printed: 572,275. Filing ↗ |
| 30 | Section 10a, Global Water Resources reciprocity | DEF 14A | — | 0001628280-26-022461 | Global Water Resources names York Water in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 31 | Section 10a, Until Corporation reciprocity | DEF 14A | — | 0001193125-26-128263 | Until Corporation's most recent proxy was read; its disclosed peer group does not include York Water. Filing ↗ |
| 32 | Section 10a, Fuel Cell Energy reciprocity | DEF 14A | — | 0001104659-26-017145 | Fuel Cell Energy's most recent proxy was read; its disclosed peer group does not include York Water. Filing ↗ |