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

Role
Pres. & Chief Admin Officer
Signature
/s/ Sandra L. Whitney, attorney-in-fact for Robert B. Hevert
Stock symbol
UTL
Transactions as of
Jan 30, 2024
Transactions value $
$0
Form type
4
Date filed
1/30/2024, 03:30 PM
Previous filing
Jan 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTL Common stock, no par value Award $0 +3.19K $0.00* 0 Jan 30, 2024 Direct F1
transaction UTL Common stock, no par value Award $0 +3.19K +19.29% $0.00 19.7K Jan 30, 2024 Direct F2, F3

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 UTL Contingent grant of common stock Award +1.6K +157.92% 2.61K Jan 30, 2024 Common stock 1.6K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.
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.