Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Total
Number of
Shares Average
Price Paid Total Number of Shares
Purchased as Part of
Publicly Announced Plans Maximum Number of
Shares That May Yet Be
Purchased Under the Plans
Period Purchased per Share or Programs (2)
or Programs (2)
January 1, 2022
through January 31, 2022 (1)
390 $ 142.49 — —
February 1, 2022
through February 28, 2022 — — — —
March 1, 2022
through March 31, 2022 — — — —
Total 390 $ 142.49 — —
(1) Chesapeake Utilities purchased shares of common stock on the open market for the purpose of reinvesting the dividend on shares held in the Rabbi Trust accounts for certain directors and senior executives under the Non-Qualified Deferred Compensation Plan. The Non-Qualified Deferred Compensation Plan is discussed in detail in Item 8 under the heading “Notes to the Consolidated Financial Statements—Note 9 , Employee Benefit Plans, ” in our latest Annual Report on Form 10-K for the year ended December 31, 2021. During the quarter ended March 31, 2022, 390 shares were purchased through the reinvestment of dividends on deferred stock units.
(2) Except for the purposes described in Footnote (1), Chesapeake Utilities has no publicly announced plans or programs to repurchase its shares.
Item 3. Defaults upon Senior Securities
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.