Joseph Thomas Hand, Chief Executive Officer and President of York Water Co (NASDAQ:YORW), reported a personal acquisition of 102.999 shares of the company's common stock on April 16, 2026. The shares were purchased at $29.127 apiece, bringing the total cost of the transaction to approximately $3,000.
The transaction took place while York Water's share price sits close to its 52-week low of $29.68, and with the most recent quoted price at $30.16. Following this purchase, Hand's direct holdings in the company amount to 40,279.8486 shares, a figure that includes stock acquired through The York Water Company dividend reinvestment plan. He also holds 101.377 shares indirectly through a child.
Separately, analysis from InvestingPro cited in company disclosures characterizes the stock as slightly overvalued relative to its Fair Value. The firm noted that York Water has increased its dividend for 29 consecutive years and currently yields 2.96%.
Corporate finance activity coincides with the insider transaction. The York Water Company announced a public offering of 1,521,739 shares of common stock, priced at $28.50 per share. This offering is projected to generate approximately $43 million in gross proceeds prior to deductions for underwriting discounts and commissions. Underwriters have been granted a 30-day option to acquire up to 228,261 additional shares at the same $28.50 price.
York Water additionally disclosed changes to its personnel and governance. Ashley M. Grimm, who served as Vice President of Human Resources and Secretary, has tendered her resignation effective May 14, 2026. The company explicitly stated that her resignation was not the result of any disagreements regarding the company's policies or practices.
Longtime director George W. Hodges has retired from the Board of Directors in line with the company's retirement policy, after more than 25 years of service. Mr. Hodges, who served as Chair of the Board in two separate periods, will retain an honorary role as Director Emeritus.
These disclosures present a mix of insider buying, capital markets activity and executive transitions within York Water - all documented in the company's filings. The information reported covers ownership stakes, dividend history and yield, the terms and size of the public offering, and recent leadership and Board-level changes.