Thomas P. Meissner Jr. - 24 Jan 2023 Form 4 Insider Report for UNITIL CORP (UTL)

Role
Chairman, President & CEO, Director
Signature
/s/ Thomas P. Meissner, Jr.
Issuer symbol
UTL
Transactions as of
24 Jan 2023
Net transactions value
$0
Form type
4
Filing time
26 Jan 2023, 14:28:29 UTC
Previous filing
26 Jan 2022
Next filing
30 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTL Common stock, no par value Award $0 +6,820 $0.000000* 0 24 Jan 2023 Direct F1
transaction UTL Common stock, no par value Award $0 +6,820 +7.2% $0.000000 101,125 24 Jan 2023 Direct F2
holding UTL Common stock, no par value 2,490 24 Jan 2023 Held in trust 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 +3,410 3,410 24 Jan 2023 Common stock 3,410 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 Restricted Stock Plan. Shares 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 Shares were held in trust under the terms of the Unitil Corporation Tax Deferred Savings and Investment 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.