Director M. Shawn Bort granted 4,364 UGI (UGI) stock units

Rhea-AI Filing Summary

UGI Corporation director M. Shawn Bort reported a grant of equity-based compensation. On January 30, 2026, Bort acquired 4,364 shares of UGI Common Stock at a price of $0, held indirectly through a benefit plan. Following this transaction, Bort beneficially owned 85,478 shares indirectly through the plan and 14,345 shares directly. A footnote explains the indirect total reflects dividend equivalent accruals, and that, effective January 30, 2026, Bort was granted Stock Units under the UGI Corporation 2021 Incentive Award Plan, each representing the right to receive one share of Common Stock upon retirement or termination of service.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bort M Shawn

Role Director

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

Holdings After Transaction: UGI Common Stock — 85,478 shares (Indirect, Benefit Plan); UGI Common Stock — 14,345 shares (Direct)

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
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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^*

Bort M Shawn

(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	85,478(1)	I	Benefit Plan(2)
UGI Common Stock								14,345	D

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 M. Shawn Bort	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 did UGI (UGI) director M. Shawn Bort report on this Form 4?

M. Shawn Bort reported receiving 4,364 shares of UGI Common Stock at $0 on January 30, 2026. These shares are tied to stock units granted under UGI’s 2021 Incentive Award Plan as part of equity-based director compensation.

How many UGI shares does M. Shawn Bort beneficially own after the reported transaction?

After the transaction, M. Shawn Bort beneficially owns 85,478 UGI shares indirectly through a benefit plan and 14,345 shares directly. The indirect total includes dividend equivalent accruals as noted in the footnotes to the Form 4 filing.

What is the nature of the 4,364 UGI shares acquired by director M. Shawn Bort?

The 4,364 UGI shares reflect stock units granted effective January 30, 2026 under the UGI Corporation 2021 Incentive Award Plan. Each stock unit represents the right to receive one share of UGI Common Stock upon retirement or termination of service.

How are M. Shawn Bort’s indirectly held UGI shares structured?

Bort’s indirectly held UGI shares, totaling 85,478 after the transaction, are held through a benefit plan. The filing notes this amount includes dividend equivalent accruals, which increase the credited share balance over time as dividends are declared.

Did M. Shawn Bort pay cash for the 4,364 UGI shares reported on Form 4?

No cash was paid for these 4,364 UGI shares, as the transaction price is listed as $0. The shares stem from stock unit awards granted under UGI’s 2021 Incentive Award Plan rather than an open-market purchase.

What plan governs the stock unit grant reported by UGI director M. Shawn Bort?

The stock unit grant is governed by the UGI Corporation 2021 Incentive Award Plan. Under this plan, each stock unit entitles the director to receive one UGI Common Stock share upon retirement or termination of service, aligning compensation with shareholder interests.