Form 4: Unitil Director Acquires Shares & RSUs

Unitil Corp. Director Jane Lewis-Raymond reported the acquisition of 2,435 restricted stock units and 288.33 common shares.

Summary

• Director Jane Lewis-Raymond acquired 2,435 restricted stock units (RSUs) in Unitil Corp. on October 1, 2025.
• Each RSU is equivalent in value to one share of Unitil Corporation's common stock and is fully vested upon grant.
• RSUs represent the right to receive a combination of cash (30%) and common stock (70%) after separation from service on the Board of Directors, based on the closing price of common stock the day prior to settlement.
• The reported price of the derivative security (RSU) was $47.22.
• Additionally, 288.33 shares of common stock were acquired through the reinvestment of dividends pursuant to Unitil Corporation's Dividend Reinvestment and Stock Purchase Plan.
• These common stock acquisitions occurred on February 28, 2025 (2.235 shares), May 30, 2025 (2.369 shares), and August 28, 2025 (2.725 shares).

Sentiment

Score: 7

Explanation: The acquisition of additional equity by a director, including fully vested restricted stock units and common stock through dividend reinvestment, is generally viewed as a positive signal of confidence in the company's future prospects and aligns management's interests with shareholders.

Positives

• The acquisition of additional equity by a director, including fully vested restricted stock units and common stock through dividend reinvestment, signals management's confidence in the company's future performance.
• The director's increased beneficial ownership aligns their interests more closely with those of common shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the director's increased equity ownership as a positive indicator of management confidence and alignment of interests.

Key Dates

Recommendation

While the director's acquisition of shares and RSUs is a positive signal of insider confidence, this Form 4 filing alone does not provide sufficient fundamental financial or operational data to warrant a 'buy' or 'sell' recommendation. It indicates alignment of interests but does not change the underlying investment thesis for the company. Investors should consider this information in conjunction with broader financial performance and market conditions.

Keywords

UNITIL CORP, UTL, Form 4, Insider Transaction, Director, Restricted Stock Units, Dividend Reinvestment, Equity Acquisition, Beneficial Ownership