York Water Co (NASDAQ:YORW) reported an insider purchase by its Chief Operating Officer, Matthew J. Scarpato, who acquired 102.999 shares of common stock on April 16, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares were bought at $29.127 each, representing a total outlay of roughly $3,000.
The purchase was executed while the stock was trading close to its 52-week low of $28.26. At the time of the filing the share price stood at $30.16. After the acquisition Scarpato directly holds 1,074.077 shares of York Water Co, a total that includes shares accumulated through The York Water Company dividend reinvestment plan.
York Water is a utility company with a market capitalization of $445.59 million. The company offers a dividend yield of 3.02% and trades at a price-to-earnings ratio of 21.52. Analysis on InvestingPro cited in the filing indicates the stock appears overvalued when compared to its Fair Value. That same platform notes York Water has paid dividends for 53 consecutive years and lists an additional six ProTips for subscribers.
Alongside the insider purchase, the company announced an underwritten public offering. The York Water Company set the offering size at 1,521,739 shares of common stock, priced at $28.50 per share. Gross proceeds from the sale are expected to be approximately $43 million before deducting underwriting discounts and commissions. Underwriters also have a 30-day option to purchase up to 228,261 additional shares at the same $28.50 price.
The company also disclosed recent personnel movements. Ashley M. Grimm, Esq. tendered her resignation from the roles of Vice President of Human Resources and Secretary, effective May 14, 2026. York Water explicitly stated her departure was not the result of any disagreement with the company’s policies or practices. In a separate governance update, George W. Hodges retired from the Board of Directors pursuant to the company’s retirement policy. Mr. Hodges, who served multiple terms as Chair of the Board, will assume the title of Director Emeritus.
Collectively these items - an insider purchase, a sizable equity offering, and leadership transitions - outline recent movements at the company. The insider transaction is modest in scale relative to the company’s market cap. The public offering, by contrast, represents a material financing event that could affect the company’s share count and capital structure depending on the extent to which underwriters exercise the overallotment option. The personnel changes reflect routine executive and board-level turnover as the company implements its stated retirement policy and addresses leadership succession.
Because the publicly disclosed analysis on InvestingPro flags a valuation gap versus Fair Value, investors may weigh current dividend consistency against valuation metrics and near-term dilution from the offering when assessing the stock.