Form 4: UGI Corp Executive Tematio Reports Stock Transactions

Jean Felix Tematio, VP, CAO & Corporate Controller of UGI Corp, reports acquisition and disposal of UGI Common Stock and derivative securities.

Summary

• On December 31, 2024, Jean Felix Tematio acquired 1,360 shares of UGI Common Stock through the vesting of stock units.
• Also on December 31, 2024, 445 shares were withheld by the issuer to cover income tax liability related to a 2022 award, at a price of $28.23 per share.
• Following these transactions, Tematio directly owns 4,982 shares of UGI Common Stock.
• Tematio also holds derivative securities, including 3,865 performance units granted on January 1, 2025, which will vest on December 31, 2027, and 5,739 stock units granted on January 1, 2025, vesting in two and three years.

Sentiment

Score: 6

Explanation: The document is neutral in tone, simply reporting transactions. The vesting of stock units and granting of new awards are mildly positive, suggesting continued confidence in the company's future.

Positives

• The acquisition of 1,360 shares through stock unit vesting indicates a positive compensation structure for the executive.
• The granting of performance units and stock units suggests continued alignment of executive incentives with company performance and shareholder value.

Negatives

• The disposal of 445 shares to cover tax liabilities, while a normal occurrence, reduces the executive's overall holdings in the company.

Future Outlook

The document details future vesting dates for performance and stock units, indicating potential future acquisitions of UGI Common Stock by the reporting person if performance goals are met and employment continues.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice across all publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• Companies like National Fuel Gas Company (NFG) and ONE Gas (OGS), which operate in similar sectors, also have executives who regularly file Form 4s to report stock transactions.
• The vesting schedules and performance-based equity awards are common compensation practices among peer companies to align executive interests with shareholder value.

Stakeholder Impact

• The transactions have a minor impact on shareholders, providing transparency into executive compensation and ownership.
• Employees may view the vesting of stock units as a positive sign of the company's commitment to employee incentives.

Key Dates