Form 4: UGI Corp Director M. Shawn Bort Reports Stock Unit Grant

Director M. Shawn Bort reports the acquisition of 5,695 stock units in UGI Corp through the 2021 Incentive Award Plan.

Summary

• On January 31, 2025, M. Shawn Bort, a director of UGI Corp, acquired 5,695 stock units.
• These stock units were granted under the UGI Corporation 2021 Incentive Award Plan.
• Each stock unit represents the right to receive a share of UGI Common Stock upon retirement or termination of service.
• Following the transaction, Bort directly owns 14,345 shares of UGI Common Stock and indirectly owns 77,988 shares through a benefit plan.
• The reporting person's total indirect holdings give effect to dividend equivalent accruals.

Sentiment

Score: 7

Explanation: The document reflects a standard insider transaction, indicating continued alignment of management with company performance. The grant of stock units is a positive sign, but it's a routine event.

Positives

• The grant of stock units aligns the director's interests with the long-term performance of the company.
• The incentive award plan is designed to reward key personnel.

Future Outlook

The document does not contain specific forward-looking statements, but the grant of stock units suggests an ongoing commitment to incentivizing key personnel.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common practice for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Stock unit grants are a common form of executive compensation in publicly traded companies, including those in the utilities sector like UGI Corp.
• Companies like National Fuel Gas Company and ONE Gas also utilize similar incentive plans to align executive compensation with shareholder value.
• The size of the grant is typical for director-level compensation, but the specific value depends on UGI's stock price and the terms of the 2021 Incentive Award Plan.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director incentives with company performance.
• Employees may view the incentive award plan as a positive aspect of the company's compensation structure.

Key Dates