UGI Corp (NYSE: UGI) CFO settles 5,660 units; 1,576 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UGI Corporation Chief Financial Officer Sean O’Brien settled a prior equity award into common shares. On April 10, 2026, he exercised 5,660 stock units, receiving the same number of UGI Common Stock shares as part of a 2023 incentive award vesting.
Of these shares, 1,576 were withheld by UGI at $37.94 per share to cover his income tax liability tied to the vesting. After this tax-withholding disposition, O’Brien directly holds 4,084 UGI common shares. The filing reflects routine compensation vesting and tax settlement, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,660 shares exercised/converted
Mixed
3 txns
Insider
O'Brien Sean
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Units | 5,660 | $0.00 | -- |
| Exercise | UGI Common Stock | 5,660 | $0.00 | -- |
| Tax Withholding | UGI Common Stock | 1,576 | $37.94 | $60K |
Holdings After Transaction:
Stock Units — 0 shares (Direct);
UGI Common Stock — 5,660 shares (Direct)
Footnotes (1)
- The shares were withheld by the issuer to satisfy the reporting person's income tax liability associated with the vesting of an award made in 2023. Effective April 11, 2023, 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 reporting person to receive a share of UGI Common Stock after three years of employment. This transaction represents the settlement of stock units in shares of UGI Common Stock on their scheduled vesting date.
Key Figures
Stock units exercised: 5,660 units
Shares withheld for taxes: 1,576 shares
Tax withholding price: $37.94 per share
+3 more
6 metrics
Stock units exercised
5,660 units
Settled into UGI Common Stock on April 10, 2026
Shares withheld for taxes
1,576 shares
Withheld by issuer to satisfy income tax liability
Tax withholding price
$37.94 per share
Value used for 1,576 withheld shares
Shares held after transaction
4,084 shares
UGI Common Stock directly held after vesting and withholding
Exercise transactions
1 transaction, 5,660 shares
Derivative exercise/conversion per transaction summary
Tax withholding transactions
1 transaction, 1,576 shares
Code F tax-withholding disposition
Key Terms
Stock Units, dividend equivalents, UGI Corporation 2021 Incentive Award Plan, income tax liability, +1 more
5 terms
Stock Units financial
"The shares were withheld by the issuer to satisfy the reporting person's income tax liability associated with the vesting of an award made in 2023."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
dividend equivalents financial
"Effective April 11, 2023, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
UGI Corporation 2021 Incentive Award Plan financial
"Effective April 11, 2023, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan."
income tax liability financial
"The shares were withheld by the issuer to satisfy the reporting person's income tax liability associated with the vesting of an award made in 2023."
vesting financial
"This transaction represents the settlement of stock units in shares of UGI Common Stock on their scheduled vesting date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did UGI (UGI) report for CFO Sean O’Brien?
UGI reported that CFO Sean O’Brien settled 5,660 stock units into an equal number of UGI common shares. The transaction reflects the vesting of a 2023 incentive award and is a routine compensation event, rather than an open-market stock purchase or sale.
Were any of Sean O’Brien’s UGI (UGI) transactions open-market buys or sells?
No open-market trades occurred. The Form 4 shows an exercise of 5,660 stock units into UGI shares and a disposition of 1,576 shares solely to satisfy tax liabilities, a standard mechanism rather than a discretionary market purchase or sale.
What equity award for UGI (UGI) CFO Sean O’Brien vested in this Form 4?
The vested award was stock units with dividend equivalents granted effective April 11, 2023 under the UGI Corporation 2021 Incentive Award Plan. Each unit entitled O’Brien to one UGI common share after three years of employment, settling on the scheduled vesting date.
Does the UGI (UGI) Form 4 show remaining unexercised stock units for Sean O’Brien?
The filing’s derivative summary is empty after this transaction, indicating the 5,660 stock units granted in 2023 were fully settled into UGI common shares on vesting. Following settlement and tax withholding, only 4,084 common shares are reported as directly held.