York Water VP Grimm buys shares worth $389

Published 17/07/2025, 14:40
York Water VP Grimm buys shares worth $389

Ashley M. Grimm, VP of Human Resources at York Water Co (NASDAQ:YORW), a utility company with a market capitalization of $449 million and impressive gross profit margins of 74%, acquired 13.046 shares of common stock on July 16, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $29.8941, totaling $389, near the stock’s 52-week low of $29.86. Following the transaction, Grimm directly owns 302.891 shares, which includes shares acquired under The York Water Company dividend reinvestment plan. The company maintains a 2.82% dividend yield and has consistently paid dividends for 52 consecutive years. InvestingPro analysis suggests the stock is currently fairly valued, with additional insights and 6 more ProTips available to subscribers.

In other recent news, The York Water Company has filed a formal application with the Pennsylvania Public Utility Commission seeking an increase in water and wastewater service rates. This proposal aims to generate an additional $24.2 million in annual revenues, which will be used to fund infrastructure upgrades, including the replacement of aging water mains and the expansion of wastewater treatment facilities. If approved, residential customers could see an increase of approximately $14.16 per month for water and $35.85 per month for wastewater services starting as early as August 2025. Meanwhile, at its recent annual shareholder meeting, The York Water Company announced the election of four directors to three-year terms and the ratification of Baker Tilly US, LLP as the independent auditor for the fiscal year ending December 31, 2025. Shareholders also approved executive compensation and ratified the 2025 Long-Term Incentive Plan, indicating strong support for the company’s governance and strategic initiatives. These developments highlight the company’s ongoing efforts to enhance operational resilience and align executive interests with those of shareholders.

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