Robert B. Hevert - 30 Jan 2024 Form 4 Insider Report for UNITIL CORP (UTL)

Role: Pres. & Chief Admin Officer
Issuer symbol: UTL
Report date: 30 Jan 2024
Net transaction value: $0
Form type: 4
Accepted by SEC: 30 Jan 2024, 15:30:00 UTC
Previous filing: 26 Jan 2023
Next filing: 29 Jan 2025
SEC filing: View on sec.gov
Reporting owner signature: /s/ Sandra L. Whitney, attorney-in-fact for Robert B. Hevert

Key filing fact

Robert B. Hevert filed Form 4 for UNITIL CORP (UTL) on 30 Jan 2024.

Key facts

This page summarizes Robert B. Hevert's Form 4 filing for UNITIL CORP (UTL).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 Jan 2024, 15:30.

Change

Previous filing in this sequence was filed on 26 Jan 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UTL transaction

Common stock, no par value

Award

Transaction value: $0
Shares: +3,190
Change %
Price: $0.000000^*
Shares after: 0
Date: 30 Jan 2024
Ownership: Direct
Footnotes: F1

UTL transaction

Common stock, no par value

Award

Transaction value: $0
Shares: +3,190
Change %: +19%
Price: $0.000000
Shares after: 19,724
Date: 30 Jan 2024
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UTL transaction Derivative

Contingent grant of common stock

Award

Transaction value
Shares: +1,595
Change %: +158%
Price
Shares after: 2,605
Date: 30 Jan 2024
Ownership: Direct
Underlying class: Common stock
Underlying amount: 1,595
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Shares were granted pursuant to the Unitil Corporation Second Amended and Restated 2003 Stock Plan. Shares generally will vest 25% per year over four years from date of grant. Shares will be valued at current market price on date of vesting.

Footnote F2

Shares were granted pursuant to the Unitil Corporation Second Amended and Restated 2003 Stock Plan. Shares generally will vest after three-year performance period based on the attainment of certain performance thresholds of certain performance goals. Shares will be valued at current market price on date of vesting.

Footnote F3

Includes 92.390 shares of common stock acquired on February 28, 2023, 94.830 shares of common stock acquired on May 30, 2023, 108.290 shares of common stock acquired on August 28, 2023, and 105.850 shares of common stock acquired on November 28, 2023, in each case resulting from the reinvestment of dividends pursuant to Unitil Corporation's Dividend Reinvestment and Stock Purchase Plan.

Footnote F4

Shares may be granted pursuant to the Unitil Corporation Second Amended and Restated 2003 Stock Plan. Any such shares would be granted after a three-year performance period based on the attainment of certain performance thresholds of certain performance goals. Any such shares would be valued at current market price on date of grant.