UGI Form 3/A: 48,302 performance units, 31,881 stock units
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.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Units | -- | -- | -- |
| holding | Stock Units | -- | -- | -- |
Footnotes (3)
- 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.
- 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.
- 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.
FAQ
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What did UGI (UGI) disclose in this Form 3/A amendment?
How many performance units are reported for UGI (UGI)?
What is the expiration date tied to the performance units at UGI (UGI)?
How many stock units are reported for UGI (UGI) and how do they vest?
What is the event date referenced in the UGI (UGI) amendment?
Who is the reporting person’s relationship to UGI (UGI)?
Why was this UGI (UGI) Form 3 amended?
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