UGI.NYSEUgi CORP /PA/

Form 4: UGI Corp Executive Tematio Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Jean Felix Tematio, VP, CAO & Corporate Controller of UGI Corp, reports acquisition of 4,020 shares and disposal of 1,101 shares to cover tax obligations.

Summary

  • On July 18, 2024, Jean Felix Tematio, VP, CAO & Corporate Controller of UGI Corp, acquired 4,020 shares of UGI Common Stock upon vesting of stock units.
  • On the same day, Tematio disposed of 1,101 shares of UGI Common Stock at a price of $24.58 to satisfy income tax liability associated with the vesting.
  • Following these transactions, Tematio directly owns 2,919 shares of UGI Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Positives

  • The vesting of stock units indicates that the executive has met the employment requirements of the UGI Corporation 2021 Incentive Award Plan.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's prospects.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect routine stock vesting and tax-related sales by an executive.

Key Dates

DateDescription
2021Reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan.
07/18/2024Date of earliest transaction: Acquisition of 4,020 shares and disposal of 1,101 shares.
07/22/2024Date of signature on the Form 4 filing.

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