Form 4: Unitil Corp Director Anne L. Alonzo Reports Acquisition of Restricted Stock Units

Director Anne L. Alonzo reports acquisition of 1,582 restricted stock units of Unitil Corp on October 1, 2024.

Summary

• On October 1, 2024, Anne L. Alonzo, a director of Unitil Corp, acquired 1,582 restricted stock units.
• These restricted stock units are equivalent in value to one share of Unitil Corporation's common stock.
• The price of the derivative security is $60.02.
• Following the transaction, Ms. Alonzo directly owns 1,582 derivative securities.
• Ms. Alonzo also directly owns 1,276 shares of Unitil Corp common stock.
• Each restricted stock unit is fully vested upon grant and is payable 70% in Common Stock and 30% in cash, based upon the closing price of Common Stock on the day prior to settlement.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock unit acquisition by a director. It suggests confidence but doesn't provide explicit positive or negative information.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units will be settled after separation from service on Unitil Corporation's Board of Directors, payable 70% in Common Stock and 30% in cash.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates