Form 4: Unitil Corp Director Thomas P. Meissner, Jr. Reports Stock Grants

Thomas P. Meissner, Jr., Chairman & CEO of Unitil Corp, reports the acquisition of common stock through grants, both performance-based and time-based, under the company's stock plan.

Summary

• On January 28, 2025, Thomas P. Meissner, Jr., Chairman & CEO of Unitil Corp, reported transactions involving Unitil Corp common stock.
• Meissner acquired 7,140 shares of common stock through a grant that vests 25% per year over four years.
• He also acquired 7,140 shares of common stock through a performance-based grant that vests after a three-year performance period.
• Following these transactions, Meissner directly owns 129,505 shares of Unitil Corp common stock.
• Additionally, he indirectly owns 2,645.05 shares held in trust.
• Meissner also has a contingent grant of 3,570 shares of common stock, which may be granted after a three-year performance period.
• Following these transactions, Meissner directly owns 10,505 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document reflects standard executive compensation practices, which are generally viewed favorably as they align management and shareholder interests.

Positives

• The grants of stock align the executive's interests with those of the shareholders.
• The performance-based grants incentivize the executive to achieve certain performance goals.

Future Outlook

The document does not contain specific forward-looking statements, but it references ongoing stock plan grants with vesting schedules tied to time and performance.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates ongoing compensation practices at Unitil Corp.

Comparison to Industry Standards

• Stock grants are a common form of executive compensation in the utility industry, aligning management's interests with shareholder value.
• Companies like Consolidated Edison, Inc. and Exelon Corporation also utilize stock-based compensation plans for their executives.
• The vesting schedules and performance metrics associated with these grants are typically designed to incentivize long-term growth and profitability.

Stakeholder Impact

• Shareholders may view the stock grants positively as they align management's interests with the company's long-term performance.
• Employees may see the grants as part of a competitive compensation package.

Key Dates