Justin Eisfeller - 24 Jan 2023 Form 4 Insider Report for UNITIL CORP (UTL)

Role: VP, IT & CTO
Signature: /s/ Justin Eisfeller
Issuer symbol: UTL
Transactions as of: 24 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 26 Jan 2023, 14:40:11 UTC
Previous filing: 10 Feb 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	+970		$0.000000^*	0	24 Jan 2023	Direct	F1
transaction	UTL	Common stock, no par value	Award	$0	+970	+8.6%	$0.000000	12,274	24 Jan 2023	Direct	F2
holding	UTL	Common stock, no par value						1,117	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		+485			485	24 Jan 2023	Common stock	485		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	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.