Insider Trading April 17, 2026 09:10 AM

York Water CEO Adds $29,982 in Personal Stock Purchase as Company Moves to Raise Capital

Joseph Thomas Hand buys 1,052 shares while York Water files a public offering and announces board and HR changes

By Ajmal Hussain
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York Water Co's CEO Joseph Thomas Hand purchased 1,052 shares on April 16, 2026, at $28.50 per share. The company concurrently disclosed an underwritten offering intended to raise roughly $43 million and reported a senior HR resignation and a long-serving director's retirement. Shares trade near a 52-week low and the company maintains a long dividend streak.

York Water CEO Adds $29,982 in Personal Stock Purchase as Company Moves to Raise Capital
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Key Points

  • York Water CEO Joseph Thomas Hand bought 1,052 shares on April 16, 2026, for $28.50 each, totaling $29,982.
  • The company announced an underwritten public offering of 1,521,739 shares at $28.50 per share, with a 30-day option for underwriters to purchase an extra 228,261 shares; gross proceeds are expected to be about $43 million before fees.
  • Personnel changes include the resignation of VP of Human Resources and Secretary Ashley M. Grimm by May 14, 2026, and the retirement of long-serving director George W. Hodges, who will remain as Director Emeritus.

York Water Co (NASDAQ:YORW) reported an insider purchase by its chief executive and president, Joseph Thomas Hand, who bought 1,052 shares of the company’s common stock on April 16, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The reported purchase price was $28.50 per share, putting the transaction value at $29,982.

The filing notes that the buy occurred while the stock was trading close to its 52-week low of $28.26; the company’s shares are quoted at $30.16 at the time of the filing’s reporting. After the acquisition, Hand’s direct holdings total 41,331.8486 shares, a figure that includes shares he has accumulated through The York Water Company dividend reinvestment plan. The filing also indicates an indirect holding of 101.377 shares through his child.


Separately, York Water disclosed plans for an underwritten public offering. The company has proposed to sell 1,521,739 shares of common stock priced at $28.50 per share. The offering is expected to produce approximately $43 million in gross proceeds before underwriting discounts and commissions. Underwriters have been granted a 30-day option to acquire an additional 228,261 shares at the same offering price.

York Water’s investor communications also highlighted the firm’s dividend profile: a 3% dividend yield and a record of paying dividends for 53 consecutive years, with InvestingPro noted as tracking additional insights on the company’s financial position.


The company reported two personnel changes in the filing. Ashley M. Grimm, Esq., will resign from her positions as Vice President of Human Resources and Secretary effective by May 14, 2026. The company’s disclosure specifies that her resignation is not the result of any disagreement with York Water’s policies or practices. In governance news, long-time director George W. Hodges has retired from the board after more than 25 years of service, during which he twice served as chair. The company said Mr. Hodges will continue his association with York Water as Director Emeritus.

The combination of an insider purchase, a sizable equity offering, and executive-level personnel movement presents a compact set of developments that investors and observers of the issuer will weigh alongside the company’s ongoing dividend record and current share price dynamics.

Risks

  • Equity offering could dilute existing shareholders if fully subscribed - impacts capital markets and current York Water shareholders.
  • Stock trading near its 52-week low introduces market-price risk for investors considering participation or valuation reassessment - impacts equity markets and investor sentiment.
  • Executive transition in human resources and board retirement creates short-term leadership and governance uncertainty - impacts corporate governance and human capital management.

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