(UGI)

Role: President of Subsidiary
Signature: /s/ Pamela A. Meredith, Attorney-in-Fact for Hans G. Bell
Issuer symbol: UGI
Transactions as of: 26 Nov 2025
Net transactions value: -$58,211
Form type: 4
Filing time: 01 Dec 2025, 16:09:16 UTC
Next filing: 05 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bell Hans G.	President of Subsidiary	500 NORTH GULPH ROAD, KING OF PRUSSIA	/s/ Pamela A. Meredith, Attorney-in-Fact for Hans G. Bell	01 Dec 2025	0001823532

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UGI	UGI Common Stock	Options Exercise	$381,488	+11,300	+62%	$33.76	29,520	26 Nov 2025	Direct	F1
transaction	UGI	UGI Common Stock	Sale	$439,699	-11,300	-38%	$38.91	18,220	26 Nov 2025	Direct	F2

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	Options (Right to Buy)	Options Exercise	$0	-11,300	-100%	$0.000000	0	26 Nov 2025	UGI Common Stock	11,300	$33.76	Direct
holding	UGI	Options (Right to Buy)						10,000	26 Nov 2025	UGI Common Stock	10,000	$46.08	Direct	F3
holding	UGI	Options (Right to Buy)						4,500	26 Nov 2025	UGI Common Stock	4,500	$49.94	Direct	F4
holding	UGI	Options (Right to Buy)						13,000	26 Nov 2025	UGI Common Stock	13,000	$46.95	Direct	F5
holding	UGI	Options (Right to Buy)						12,530	26 Nov 2025	UGI Common Stock	12,530	$53.35	Direct	F6
holding	UGI	Options (Right to Buy)						20,010	26 Nov 2025	UGI Common Stock	20,010	$45.16	Direct	F7
holding	UGI	Options (Right to Buy)						15,540	26 Nov 2025	UGI Common Stock	15,540	$34.96	Direct	F8
holding	UGI	Options (Right to Buy)						9,980	26 Nov 2025	UGI Common Stock	9,980	$45.91	Direct	F9
holding	UGI	Options (Right to Buy)						14,510	26 Nov 2025	UGI Common Stock	14,510	$41.45	Direct	F10
holding	UGI	Options (Right to Buy)						24,970	26 Nov 2025	UGI Common Stock	24,970	$24.60	Direct	F11
holding	UGI	Performance Units						1,590	26 Nov 2025	UGI Common Stock	1,590	$0.000000	Direct	F12
holding	UGI	Performance Units						2,320	26 Nov 2025	UGI Common Stock	2,320	$0.000000	Direct	F13
holding	UGI	Performance Units						2,850	26 Nov 2025	UGI Common Stock	2,850	$0.000000	Direct	F13
holding	UGI	Performance Units						5,725	26 Nov 2025	UGI Common Stock	5,725	$0.000000	Direct	F14
holding	UGI	Stock Units						3,310	26 Nov 2025	UGI Common Stock	3,310		Direct	F15
holding	UGI	Stock Units						4,270	26 Nov 2025	UGI Common Stock	4,270		Direct	F16
holding	UGI	Stock Units						8,502	26 Nov 2025	UGI Common Stock	8,502		Direct	F17

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

Explanation of Responses:

Id	Content
F1	Includes 1,642 shares of UGI Common Stock that are held by the Hans G. Bell and Melissa A. Bell Trust, a joint tenancy for which the reporting person's spouse holds shared voting and investment power with the reporting person.
F2	The shares of common stock with respect to this transaction were sold at prices ranging from $38.90 to $38.9950. Upon request, UGI Corporation will provide to the U.S. Securities and Exchange Commission staff, or a security holder of UGI Corporation, full information regarding the number of shares of common stock sold at each separate price.
F3	These options were granted effective January 1, 2017 and became fully vested on January 1, 2020.
F4	These options were granted effective May 1, 2017 and became fully vested on May 1, 2020.
F5	These options were granted effective January 1, 2018 and became fully vested on January 1, 2021.
F6	These options were granted effective January 1, 2019 and became fully vested on January 1, 2022.
F7	These options were granted effective January 1, 2020 and became fully vested on January 1, 2023.
F8	These options were granted effective January 1, 2021 and became fully vested on January 1, 2024.
F9	These options were granted effective January 1, 2022 and became fully vested on January 1, 2025.
F10	These options were granted effective January 12, 2023 and vest in three equal annual installments beginning on January 12, 2024.
F11	These options were granted effective January 1, 2024 and vest in three equal annual installments beginning on January 1, 2025.
F12	Effective January 12, 2023, 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.
F13	Effective January 1, 2024, 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.
F14	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.
F15	Effective January 12, 2023, 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.
F16	Effective January 1, 2024, 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.
F17	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 reporting person 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.

Remarks:

The reporting person was a Section 16 Officer from September 2020 until 2021. The reporting person became a Section 16 Officer again on January 31, 2025. Holdings reflect current beneficial ownership including securities acquired during the period when reporting was not required.