Form 4: Unitil Corp Director Edward F. Godfrey Acquires Shares as Part of Retainer Fee

Director Edward F. Godfrey acquired 1,582 shares of Unitil Corp common stock as part of his annual retainer fee.

Summary

• On October 1, 2024, Edward F. Godfrey, a director of Unitil Corp, acquired 1,582 shares of common stock at a price of $60.02 per share.
• The acquisition was part of the stock portion of his annual retainer fee as a director.
• Following the transaction, Godfrey directly owns 13,289 shares of Unitil Corp common stock.
• He also holds 9,248 restricted stock units, each equivalent to one share of common stock, payable 70% in common stock and 30% in cash upon separation from service on the Board of Directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, but it's a routine transaction.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Future Outlook

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.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence.

Key Dates