John Koerwer - 31 Dec 2024 Form 4 Insider Report for UGI CORP /PA/ (UGI)

Role: Chief Information Officer
Signature: /s/ Pamela A. Meredith, Attorney-in-Fact for John Koerwer
Issuer symbol: UGI
Transactions as of: 31 Dec 2024
Net transactions value: -$19,987
Form type: 4
Filing time: 03 Jan 2025, 16:38:13 UTC
Previous filing: 03 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UGI	UGI Common Stock	Options Exercise	$0	+2,160	+14%	$0.000000	17,393	31 Dec 2024	Direct
transaction	UGI	UGI Common Stock	Tax liability	$19,987	-708	-4.1%	$28.23	16,685	31 Dec 2024	Direct	F1
holding	UGI	UGI Common Stock						2,376	31 Dec 2024	By 401(k) Plan

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	UGI	Stock Units	Options Exercise	$0	-2,160	-100%	$0.000000	0	31 Dec 2024	UGI Common Stock	2,160	$0.000000	Direct	F2
transaction	UGI	Performance Units	Award	$0	+9,124		$0.000000	9,124	01 Jan 2025	UGI Common Stock	9,124	$0.000000	Direct	F3
transaction	UGI	Stock Units	Award	$0	+6,022		$0.000000	6,022	01 Jan 2025	UGI Common Stock	6,022		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares were withheld by the issuer to satisfy the reporting person's income tax liability associated with the vesting of an award made in 2022.
F2	Effective January 1, 2022, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan. Each stock unit represents the right of the reporting person to receive a share of UGI Common Stock after three years of employment.
F3	Effective January 1, 2025, the reporting person was granted performance units under the UGI Corporation 2021 Incentive Award Plan. Each performance unit represents the right of the reporting person to receive a share of UGI Common Stock if specified performance goals and other conditions are met.
F4	Effective January 1, 2025, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan. Each stock unit represents the right of the recipient to receive a share of UGI Common Stock, with 50% of such stock units vesting on the second anniversary of the grant date and the remaining 50% vesting on the third anniversary of the grant date.