Alexandra C. Chiaruttini, who serves as Chief Administrative Officer and General Counsel at York Water Co (NASDAQ:YORW), made a direct purchase of company stock on April 16, 2026. The acquisition comprised 41.199 shares at $29.127 per share, for a total outlay of $1,200.
Following that purchase, Chiaruttini's direct holdings in York Water Co total 4,955.781 shares. That sum includes shares accumulated through The York Water Company dividend reinvestment plan, according to company records.
The transaction occurred while York Water was trading near its 52-week low of $29.68; the stock was quoted at $29.95 at the time of the report. The company, a market-capitalized utility at about $433 million, offers a dividend yield of 2.96%.
Separately, York Water has filed a public offering of 1,521,739 shares of common stock at a price of $28.50 per share, an issuance expected to produce approximately $43 million in gross proceeds before underwriting discounts and commissions. The underwriters have been granted a 30-day option to acquire as many as 228,261 additional shares at the same per-share price.
In corporate leadership developments, Ashley M. Grimm, Esq., has tendered her resignation from the roles of Vice President of Human Resources and Secretary, effective May 14, 2026. The company explicitly stated that Grimm's resignation was not due to any disagreement with company policies. In addition, long-serving director George W. Hodges has retired from the Board of Directors. Hodges, who joined the board in June 2000 and served at times as Board Chair, will be designated Director Emeritus.
Investment-screen commentary within the report indicated that, based on an InvestingPro analysis, York Water's shares appear slightly overvalued versus the platform's Fair Value measure. The InvestingPro service was noted to provide subscribers with six additional tips about the company's financial condition and outlook.
Context and near-term considerations
The insider purchase by Chiaruttini is small in dollar terms but notable as a direct personal transaction reported alongside substantial corporate actions - a share offering and board-level transitions. The public offering, if fully subscribed including the underwriter option, will meaningfully increase the company's outstanding equity and raise material gross proceeds.
All factual details above reflect the company's reported filings and market quotes at the time of the report.