UGI Corporation (UGI) officer receives performance and stock unit grants

Rhea-AI Filing Summary

UGI Corporation filed a Form 4 reporting new equity awards to a company officer. Effective January 1, 2026, the reporting person, who serves as President of a UGI subsidiary, received 8,039 performance units under the UGI Corporation 2021 Incentive Award Plan. Each performance unit gives the right to receive one share of UGI Common Stock if specified performance goals and other conditions are met.

The officer was also granted 5,344 stock units with dividend equivalents under the same plan. Each stock unit represents the right to receive one share of UGI Common Stock, with 50% of these units vesting on the second anniversary of the grant date and the remaining 50% vesting on the third anniversary.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bell Hans G.

Role President of Subsidiary

Type	Security	Shares	Price	Value
Grant/Award	Performance Units	8,039	$0.00	--
Grant/Award	Stock Units	5,344	$0.00	--

Holdings After Transaction: Performance Units — 8,039 shares (Direct); Stock Units — 5,344 shares (Direct)

Footnotes (1)

1. Effective January 1, 2026, 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. Effective January 1, 2026, 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.

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^*

Bell Hans G.

(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)

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

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

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

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
Performance Units	$0	01/01/2026		A		8,039		(1)	12/31/2028	UGI Common Stock	8,039	$0	8,039	D
Stock Units	(2)	01/01/2026		A		5,344		(2)	(2)	UGI Common Stock	5,344	$0	5,344	D

Explanation of Responses:

1. Effective January 1, 2026, 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. Effective January 1, 2026, 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 Hans G. Bell	01/05/2026
	** 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) report in this Form 4?

The filing reports that a UGI subsidiary president received 8,039 performance units and 5,344 stock units under the UGI Corporation 2021 Incentive Award Plan, effective January 1, 2026.

What are the terms of the performance units granted at UGI (UGI)?

Each performance unit granted on January 1, 2026 represents the right to receive one share of UGI Common Stock if specified performance goals and other conditions are met, with an expiration date of December 31, 2028 and an exercise price of $0.

How do the UGI (UGI) stock units granted on January 1, 2026 vest?

The 5,344 stock units granted on January 1, 2026 vest in two tranches: 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary.

What does each stock unit at UGI (UGI) represent for the reporting person?

Each stock unit represents the right of the recipient to receive one share of UGI Common Stock plus dividend equivalents, subject to the vesting schedule described in the UGI Corporation 2021 Incentive Award Plan.

Is the UGI (UGI) Form 4 filed for one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, as shown in the individual filing section.

What position does the reporting person hold at UGI (UGI)?

The reporting person is identified as an officer of UGI, specifically serving as President of a subsidiary of UGI Corporation.