Form 4: Unitil Corp Director Winfield S. Brown Reports Acquisition of Common Stock

Director Winfield S. Brown acquired 1,582 shares of Unitil Corp common stock at $60.02 per share on October 1, 2024, as part of his annual retainer fee.

Summary

• On October 1, 2024, Winfield S. Brown, a director of Unitil Corp, acquired 1,582 shares of common stock at a price of $60.02 per share.
• This transaction was part of the stock portion of his annual retainer fee as a Director of the Company, granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan.
• Following the transaction, Brown directly owns 5,288 shares of Unitil Corp common stock.
• Brown also holds 3,326 restricted stock units, each equivalent to one share of Unitil Corporation's common stock, which will be settled in a combination of cash (30%) and common stock (70%) upon separation from service on Unitil Corporation's Board of Directors.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and does not inherently convey positive or negative sentiment. It simply reports a transaction.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements regarding Unitil Corp's future performance.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings of company stock.

Related Party Transactions

• The stock grant to Winfield S. Brown as part of his annual retainer fee is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of director compensation.
• Shareholders may view insider stock ownership as a positive sign of alignment with management.

Key Dates