John Koerwer - Dec 31, 2023 Form 4 Insider Report for UGI CORP /PA/ (UGI)

Role: Chief Information Officer
Signature: /s/ Pamela A. Meredith, Attorney-in-Fact for John Koerwer
Stock symbol: UGI
Transactions as of: Dec 31, 2023
Transactions value $: -$20,541
Form type: 4
Date filed: 1/3/2024, 05:31 PM
Previous filing: Mar 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UGI	UGI Common Stock	Options Exercise	$0	+2.55K	+18.86%	$0.00	16.1K	Dec 31, 2023	Direct
transaction	UGI	UGI Common Stock	Tax liability	-$20.5K	-835	-5.2%	$24.60	15.2K	Dec 31, 2023	Direct	F1
holding	UGI	UGI Common Stock						2.24K	Dec 31, 2023	By 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	+20.2K		$0.00	20.2K	Jan 1, 2024	UGI Common Stock	20.2K	$24.60	Direct	F2
transaction	UGI	Performance Units	Award	$0	+5.19K		$0.00	5.19K	Jan 1, 2024	UGI Common Stock	5.19K	$0.00	Direct	F3
transaction	UGI	Performance Units	Award	$0	+4.22K		$0.00	4.22K	Jan 1, 2024	UGI Common Stock	4.22K	$0.00	Direct	F3
transaction	UGI	Stock Units	Award	$0	+3.46K		$0.00	3.46K	Jan 1, 2024	UGI Common Stock	3.46K		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.