UGI Corp (UGI) director granted 4,364 stock units under incentive plan

Rhea-AI Filing Summary

UGI Corporation director Santiago Seage reported a grant of 4,364 Stock Units of UGI common stock on January 30, 2026 at a price of $0 per share. The units were awarded under the UGI Corporation 2021 Incentive Award Plan and are held indirectly through a benefit plan.

Each Stock Unit represents the right to receive one share of UGI common stock upon retirement or termination of service. After giving effect to dividend equivalent accruals, Seage now beneficially owns 16,585 shares through this plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Seage Santiago

Role Director

Type	Security	Shares	Price	Value
Grant/Award	UGI Common Stock	4,364	$0.00	--

Holdings After Transaction: UGI Common Stock — 16,585 shares (Indirect, Benefit Plan)

Footnotes (1)

1. Total gives effect to dividend equivalent accruals. Effective January 30, 2026, the reporting person was granted Stock Units under the UGI Corporation 2021 Incentive Award Plan. Each Stock Unit represents the right of the recipient to receive a share of Common Stock upon retirement or termination of service.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Seage Santiago

(Last) (First) (Middle)

500 NORTH GULPH ROAD

(Street)

KING OF PRUSSIA PA 19406

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UGI CORP /PA/ [ UGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
UGI Common Stock	01/30/2026		A		4,364	A	$0	16,585(1)	I	Benefit Plan(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Total gives effect to dividend equivalent accruals.

2. Effective January 30, 2026, the reporting person was granted Stock Units under the UGI Corporation 2021 Incentive Award Plan. Each Stock Unit represents the right of the recipient to receive a share of Common Stock upon retirement or termination of service.

	/s/ Pamela A. Meredith, Attorney-in-Fact for Santiago Seage	02/03/2026
	** 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 4 (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.

FAQ

What insider transaction did UGI (UGI) director Santiago Seage report?

UGI director Santiago Seage reported receiving 4,364 Stock Units of UGI common stock on January 30, 2026 at a price of $0 per share. These units were granted under the UGI Corporation 2021 Incentive Award Plan and are held indirectly through a benefit plan structure.

How many UGI shares does Santiago Seage beneficially own after this Form 4?

After this transaction, Santiago Seage beneficially owns 16,585 shares of UGI common stock through a benefit plan. This total includes the newly granted 4,364 Stock Units and reflects adjustments for dividend equivalent accruals, as noted in the filing’s explanatory footnotes.

What is the nature of the UGI stock grant reported for Santiago Seage?

The grant consists of Stock Units under the UGI Corporation 2021 Incentive Award Plan, each representing the right to receive one share of UGI common stock. These shares become deliverable upon Seage’s retirement or termination of service, aligning the award with his ongoing board tenure.

At what price were the UGI Stock Units granted to director Santiago Seage?

The 4,364 Stock Units of UGI common stock were granted at a price of $0 per share. This reflects a typical director equity award structure, where units are issued as compensation rather than purchased in the open market, and settle in shares at a future service-related date.

How are Santiago Seage’s UGI holdings categorized in this Form 4 filing?

Seage’s UGI holdings from this award are reported as indirectly owned through a benefit plan. The Form 4 lists the ownership form as “I” for indirect, with the nature of ownership specified as a Benefit Plan, indicating the shares are held within a structured compensation vehicle.

What does the dividend equivalent accrual footnote mean in Seage’s UGI filing?

The filing notes that the reported total of 16,585 shares gives effect to dividend equivalent accruals. This means additional units were credited over time to mirror dividends paid on UGI common stock, increasing the total number of units tied to the director’s existing equity awards.