Form 4: Unitil Director Kountze Receives Stock Grant

Unitil Corporation Director Katherine Kountze acquired 1,624 shares of common stock valued at $47.22 per share as part of her annual retainer fee.

Summary

• Katherine Kountze, a Director of Unitil Corp (UTL), acquired 1,624 shares of the company's common stock.
• The transaction occurred on October 1, 2025, with shares priced at $47.22 each.
• The shares were granted as part of Ms. Kountze's annual retainer fee for her role as a Director.
• This acquisition was made pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan.
• Following this transaction, Katherine Kountze directly beneficially owns 1,624 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it indicates a director's alignment with shareholder interests through equity compensation, a routine and generally well-regarded corporate governance practice. It does not, however, signal extraordinary performance or new strategic initiatives.

Positives

• Director Katherine Kountze's acquisition of 1,624 shares aligns her interests with shareholders, demonstrating confidence in the company's future performance.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the scheduled transaction date.

Management Comments

• Shares were granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan and transferred into my name in connection with the stock portion of my annual retainer fee as a Director of the Company.

Industry Context

Director compensation often includes equity components, such as stock grants, to align the interests of board members with those of shareholders. This practice is common across various industries, including the utilities sector, to incentivize long-term value creation.

Comparison to Industry Standards

• The practice of compensating directors with equity, as seen with Katherine Kountze's stock grant, is a standard corporate governance practice in the U.S. and globally.
• Many companies, including peers in the utility sector, utilize stock plans (e.g., Unitil's 2003 Stock Plan) to provide long-term incentives and foster ownership among their board members and executives.
• The value of the grant ($76,790.48) falls within typical ranges for non-executive director equity compensation at companies of similar market capitalization, though specific comparisons would require detailed peer group analysis.

Corporate Governance

Related Party Transactions

• Director Katherine Kountze received 1,624 shares of common stock as part of her annual retainer fee, which is a standard related-party compensation transaction.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity ownership.
• Director: Receives compensation in the form of company stock, linking personal wealth to company performance.

Key Dates

Keywords

Unitil Corp, UTL, Katherine Kountze, Director, Insider Transaction, Stock Grant, Equity Compensation, SEC Form 4, Common Stock