York water CAO Chiaruttini buys $1300 in shares

Published 17/07/2025, 14:30
York water CAO Chiaruttini buys $1300 in shares

Alexandra C Chiaruttini, CAO & General Counsel at York Water Co (NASDAQ:YORW), reported purchasing 43.487 shares of common stock on July 16, 2025, at a price of $29.8941 per share, totaling approximately $1300.

Following the transaction, Chiaruttini directly owns 4717.447 shares of York Water Co, which includes shares acquired under The York Water Company dividend reinvestment plan. The company, currently valued at $448 million, offers a 2.82% dividend yield and has maintained dividend payments for 52 consecutive years, demonstrating strong shareholder commitment.

In other recent news, The York Water Company has submitted an application to the Pennsylvania Public Utility Commission for a rate increase in water and wastewater services. This proposed adjustment aims to support ongoing infrastructure investments, totaling $145 million, which include upgrades to water mains, meters, and wastewater treatment facilities. If approved, the new rates would generate an additional $24.2 million in annual revenue, potentially raising residential bills by $14.16 per month for water and $35.85 for wastewater services. The effective date for these new rates could be as early as August 2025, pending approval.

Additionally, York Water Co. held its annual shareholder meeting where several key proposals were approved. Shareholders elected four directors to three-year terms and ratified Baker Tilly US, LLP as the independent auditor for the fiscal year ending in 2025. The meeting also saw the approval of executive compensation and the adoption of a new long-term incentive plan, both receiving significant shareholder support. These developments reflect shareholder confidence in the company’s governance and strategic direction.

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