Unitil (UTL) CTO granted time-based and performance stock awards and units
Rhea-AI Filing Summary
Unitil Corporation CTO Justin Eisfeller reported multiple equity awards and updated holdings. On January 27, 2026, he received 1,080 shares of common stock that generally vest 25% per year over four years, and another 1,080 performance-based shares that generally vest after a three-year performance period if specified goals are met.
He was also granted 40 shares of common stock at $50 per share tied to the completed 2023–2025 performance period, bringing his directly held common stock to 18,394 shares. In addition, he holds 1,328.86 shares indirectly in a company savings and investment plan trust and 1,520 contingent derivative units linked to potential future grants after a three-year performance period ending December 31, 2028.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 2,200 shares
Net Buy
5 txns
Insider
Eisfeller Justin
Role
CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Contingent grant of common stock | 540 | $0.00 | $0.00 |
| Grant/Award | Common stock, no par value | 1,080 | $0.00 | $0.00 |
| Grant/Award | Common stock, no par value | 1,080 | $0.00 | $0.00 |
| Grant/Award | Common stock, no par value | 40 | $50.00 | $2K |
| holding | Common stock, no par value | -- | -- | -- |
Holdings After Transaction:
Contingent grant of common stock — 1,520 shares (Direct);
Common stock, no par value — 18,394 shares (Direct);
Common stock, no par value — 1,328.86 shares (Indirect, Held in trust)
Footnotes (5)
- F1. Shares were granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan. Shares generally will vest 25% per year over four years from date of grant. Shares will be valued at current market price on date of vesting.
- F2. Shares were granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan. Shares generally will vest after three-year performance period based on the attainment of certain performance thresholds of certain performance goals. Shares will be valued at current market price on date of vesting.
- F3. Shares were granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan. Shares were granted at the conclusion of the 2023-2025 performance period based on the attainment of certain performance thresholds of certain performance goals. Shares were valued at current market price on date of grant. The balance of the contingent grant for such performance period terminated.
- F4. Shares are held in trust under the terms of the Unitil Corporation Tax Deferred Savings and Investment Plan.
- F5. Shares may be granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan. Any such shares would be granted after a three-year performance period ending on December 31, 2028, based on the attainment of certain performance thresholds of certain performance goals. Any such shares would be valued at current market price on date of grant.
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FAQ
What did Unitil (UTL) CTO Justin Eisfeller report in this Form 4?
The filing shows CTO Justin Eisfeller received several stock-based awards and updated his holdings. He reported new time-vested shares, performance-based shares, a grant tied to the 2023–2025 performance period, trust-held shares, and contingent units under Unitil’s stock plan.
What indirect Unitil (UTL) holdings does the CTO report?
Eisfeller reports 1,328.86 Unitil shares held indirectly in a trust. These shares are maintained under the Unitil Corporation Tax Deferred Savings and Investment Plan, meaning they are beneficially owned through that plan rather than held directly in a standard brokerage account.
What are the contingent derivative units reported by the Unitil (UTL) CTO?
He reports 1,520 contingent derivative units related to possible future common stock grants. Up to 540 shares may be granted after a three-year performance period ending December 31, 2028, if specified performance thresholds are met, with any granted shares valued at market price on grant.