Joseph Thomas Hand, President & CEO of YORK WATER CO (NASDAQ:YORW), executed a direct acquisition of 25 shares of the company's common stock on June 19, 2026, according to a recent SEC Form 4 filing. The transaction, valued at $738, involved a per-share purchase price of $29.53. This valuation places the acquisition price just 4% above the stock's 52-week low of $28.26.
Following this transaction, Mr. Hand's direct holdings in YORK WATER CO common stock total 42,865.8486 shares. Additionally, 101.377 shares are held indirectly by a child. Both direct and indirect holdings include shares acquired under The York Water Company dividend reinvestment plan. The company has maintained dividend payments for 53 consecutive years, currently offering a 3.09% yield.
In other recent news, The York Water Company completed a public stock offering, raising approximately $47.7 million in net proceeds. This followed the full exercise of underwriters' options to purchase additional shares, bringing the total to 1,750,000 shares sold at $28.50 per share. Previously, the company announced a public offering of 1,521,739 common shares at the same price, resulting in net proceeds of about $41.4 million after expenses. The company initially expected to receive around $43 million in gross proceeds from this offering.
Additionally, The York Water Company held its annual meeting of shareholders, where Joseph T. Hand, Erin C. McGlaughlin, and Laura T. Wand were re-elected to the board of directors for three-year terms. The elections saw Hand receiving 9,329,775 votes, McGlaughlin 8,909,991 votes, and Wand 9,314,073 votes, with some votes withheld for each nominee.
According to InvestingPro analysis, the stock currently appears on the Most Overvalued list based on Fair Value calculations. InvestingPro subscribers have access to over 10 additional exclusive tips and comprehensive financial metrics for YORW.