Matthew J. Scarpato, Chief Operating Officer of York Water Co., has made a notable acquisition of 120.019 shares of the company’s common stock. This transaction, reported on October 19, 2026, highlights Scarpato's confidence in the company's future prospects.
York Water Co. is a prominent player in the water supply industry, providing essential services to its customers in Pennsylvania. The company operates under the ticker symbol YORW and is listed on the NASDAQ exchange. Its recent filings indicate a commitment to transparency and shareholder engagement.
According to the filing, the transaction took place on October 16, 2026, at a price of $29.1626 per share. Following this acquisition, Scarpato now owns a total of 2,832.007 shares in the company. The filing noted, "Includes shares acquired under The York Water Company dividend reinvestment plan." This suggests that Scarpato is not only investing in the company but also participating in its growth through reinvestment strategies.
This acquisition may have implications for York Water Co.'s stakeholders, including investors and customers. As the water supply industry faces various challenges, including regulatory scrutiny and market pressures, Scarpato's investment could signal a positive outlook for the company's strategic direction.
The filing does not specify any immediate next steps following this transaction, leaving some uncertainty about future developments. However, it underscores the ongoing engagement of company leadership with its shareholders.