Robert F. Beard - Dec 31, 2023 Form 4 Insider Report for UGI CORP /PA/ (UGI)

Role
Chief Operations Officer
Signature
/s/ Pamela A. Meredith, Attorney-in-Fact for Robert F. Beard
Stock symbol
UGI
Transactions as of
Dec 31, 2023
Transactions value $
-$53,628
Form type
4
Date filed
1/3/2024, 05:28 PM
Previous filing
Jan 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UGI UGI Common Stock Options Exercise $0 +6.61K +15.58% $0.00 49K Dec 31, 2023 Direct
transaction UGI UGI Common Stock Tax liability -$53.6K -2.18K -4.45% $24.60 46.8K Dec 31, 2023 Direct F1
holding UGI UGI Common Stock 8.77K Dec 31, 2023 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UGI Options (Right to Buy) Award $0 +64.2K $0.00 64.2K Jan 1, 2024 UGI Common Stock 64.2K $24.60 Direct F2
transaction UGI Performance Units Award $0 +16.5K $0.00 16.5K Jan 1, 2024 UGI Common Stock 16.5K $0.00 Direct F3
transaction UGI Performance Units Award $0 +13.4K $0.00 13.4K Jan 1, 2024 UGI Common Stock 13.4K $0.00 Direct F3
transaction UGI Stock Units Award $0 +11K $0.00 11K Jan 1, 2024 UGI Common Stock 11K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were withheld by the issuer to satisfy the reporting person's income tax liability associated with the vesting of an award made in 2021.
F2 These options vest in three equal annual installments beginning January 1, 2025.
F3 Effective January 1, 2024, the reporting person was granted performance units under the UGI Corporation 2021 Incentive Award Plan. Each performance unit represents the right of the reporting person to receive a share of UGI Common Stock if specified performance goals and other conditions are met.
F4 Effective January 1, 2024, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan. Each stock unit represents the right of the reporting person to receive a share of UGI Common Stock after three years of employment.