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UGI insider amendment details equity awards and corrections

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3/A

Rhea-AI Filing Summary

UGI Corporation insider filing: an amended Form 3 discloses derivative equity awards for a subsidiary president and corrects an administrative error in previously reported holdings. Effective January 1, 2025, the reporting person received 48,302 performance units under the 2021 Incentive Award Plan, each representing the right to one share of UGI common stock if performance goals are met; these carry an expiration date of 12/31/2027.

The amendment also lists 31,881 stock units with dividend equivalents granted on the same date, with 50% vesting on the second anniversary of grant and the remaining 50% on the third anniversary. The filing states it amends the original to correct the number of securities held on the event date.

Positive

  • None.

Negative

  • None.
Insider Sharp Michael
Role President of Subsidiary
Type Security Shares Price Value
holding Performance Units -- -- --
holding Stock Units -- -- --
Holdings After Transaction: Performance Units — 48,302 shares (Direct); Stock Units — 31,881 shares (Direct)
Footnotes (3)
  1. F1. Effective January 1, 2025, the reporting person was granted performance units under the UGI Corporation 2021 Incentive Award Plan. Each performance unit represents the right of the reporting person to receive a share of UGI Common Stock if specified performance goals and other conditions are met.
  2. F2. The reporting person is amending the Form 3 originally filed to correct an administrative error in the number of securities held on the date of the event requiring a Form 3.
  3. F3. Effective January 1, 2025, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan. Each stock unit represents the right of the recipient to receive a share of UGI Common Stock, with 50% of such stock units vesting on the second anniversary of the grant date and the remaining 50% vesting on the third anniversary of the grant date.

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FAQ

What did UGI (UGI) disclose in this Form 3/A amendment?
An amended insider ownership report correcting an administrative error and listing grants of performance units and stock units under the 2021 Incentive Award Plan.

How many performance units are reported for UGI (UGI)?
The filing lists 48,302 performance units, each representing the right to receive one share of UGI common stock if performance goals and conditions are met.

What is the expiration date tied to the performance units at UGI (UGI)?
The performance units carry an expiration date of 12/31/2027.

How many stock units are reported for UGI (UGI) and how do they vest?
The filing reports 31,881 stock units with dividend equivalents; 50% vest on the second anniversary of the grant date and 50% on the third.

What is the event date referenced in the UGI (UGI) amendment?
The event date is 01/31/2025; grants are stated as effective January 1, 2025.

Who is the reporting person’s relationship to UGI (UGI)?
The reporting person is an officer, serving as President of a subsidiary.

Why was this UGI (UGI) Form 3 amended?
It was amended to correct an administrative error in the number of securities held on the event date.
SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Sharp Michael
(Last) (First) (Middle)
500 NORTH GULPH ROAD
(Street)
KING OF PRUSSIA PA 19406
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/31/2025 		3. Issuer Name and Ticker or Trading Symbol
UGI CORP /PA/ [ UGI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President of Subsidiary
5. If Amendment, Date of Original Filed (Month/Day/Year)
02/18/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units (1) 12/31/2027 UGI Common Stock 48,302(2) $0 D
Stock Units (3) (3) UGI Common Stock 31,881(2) $0 D
Explanation of Responses:
1. Effective January 1, 2025, the reporting person was granted performance units under the UGI Corporation 2021 Incentive Award Plan. Each performance unit represents the right of the reporting person to receive a share of UGI Common Stock if specified performance goals and other conditions are met.
2. The reporting person is amending the Form 3 originally filed to correct an administrative error in the number of securities held on the date of the event requiring a Form 3.
3. Effective January 1, 2025, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan. Each stock unit represents the right of the recipient to receive a share of UGI Common Stock, with 50% of such stock units vesting on the second anniversary of the grant date and the remaining 50% vesting on the third anniversary of the grant date.
/s/ Pamela A. Meredith, Attorney-in-Fact for Michael Sharp 10/31/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR