During his time at Chesapeake Utilities, Schimkaitis held significant shares, reflecting his investment in the company’s future. In 2010, his total compensation was reported at $1,270,473, which included a base salary of $415,425 and a substantial amount of vested stock...

During his time at Chesapeake Utilities, Schimkaitis held significant shares, reflecting his investment in the company’s future. In 2010, his total compensation was reported at $1,270,473, which included a base salary of $415,425 and a substantial amount of vested stock valued at $483,360. By comparison, in 2011, his total compensation dropped to about $182,645, showing a sharp decline as he transitioned to non-executive roles. He led the company through financial gouging amid fluctuating market conditions and observed various gains in stock performance over his tenure. His financial interests in the company signify not only commitment but also a strategic view that aligns with shareholder interests, ensuring that his achievements benefitted all stakeholders.