Daniel J. Hurstak - Jan 24, 2023 Form 4 Insider Report for UNITIL CORP (UTL)

Role
CAO & Controller
Signature
/s/ Daniel J. Hurstak
Stock symbol
UTL
Transactions as of
Jan 24, 2023
Transactions value $
$0
Form type
4
Date filed
1/26/2023, 02:44 PM
Previous filing
Jan 26, 2022
Next filing
Jan 30, 2024

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 $0.00* 0 Jan 24, 2023 Direct F1
transaction UTL Common stock, no par value Award $0 +970 +21.32% $0.00 5.52K Jan 24, 2023 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 +485 485 Jan 24, 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 Includes 55.580 shares of common stock acquired on February 25, 2022, 48.481 shares of common stock acquired on May 27, 2022, 49.618 shares of common stock acquired on August 26, 2022 and 52.466 shares of common stock acquired on November 28, 2022, 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.