[Form 4] UNITIL CORP Insider Trading Activity

Rhea-AI Filing Summary

Neveen F. Awad, a director of Unitil Corporation (UTL), filed a Form 4 reporting changes in her beneficial ownership. The filing shows a reported disposition of 3,985.5 shares of common stock and the grant/acquisition of 2,435 restricted stock units (RSUs) on 10/01/2025. Each RSU is equivalent to one share and is fully vested upon grant; they are payable 70% in common stock and 30% in cash based on the closing price the day before settlement. The filing lists an attributable per-share reference price of $47.22 for the RSU conversion to common stock and is signed on behalf of Ms. Awad by an attorney-in-fact on 10/03/2025.

Positive

• 2,435 RSUs granted that are fully vested, showing immediate alignment with shareholder value
• RSUs specify a clear payout mix of 70% stock and 30% cash, clarifying economic terms

Negative

• Reported disposition of 3,985.5 shares of common stock on the Form 4 without contextual explanation
• Filing does not disclose a settlement date for the RSUs, limiting clarity on timing of cash/stock payout

Insights

Corporate Governance Analyst

Director reported a sizeable RSU grant and a separate share disposition on 10/01/2025.

The filing shows a grant of 2,435 RSUs that are fully vested and payable 70% in stock and 30% in cash, which documents immediate economic value to the director tied to company shares.

The report also records a disposition of 3,985.5 shares; the SEC Form 4 lists that change without additional context in this filing.

Executive Compensation Specialist

The RSUs reference a per-share conversion amount of $47.22 and are payable after separation from Board service.

Each RSU equals one share and the payment mix (70% stock/30% cash) is specified, clarifying how the award converts to cash and equity at settlement. The filing indicates the RSUs are immediately vested, which affects timing of eventual settlement but does not disclose a settlement date.

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).

1. Name and Address of Reporting Person^*

Awad Neveen F

(Last) (First) (Middle)

6 LIBERTY LANE WEST

(Street)

HAMPTON NH 03842

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITIL CORP [ UTL ]

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)
10/01/2025

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
Common stock, no par value								3,985.5(1)	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
Restricted stock units	(2)	10/01/2025		A		2,435		(2)	(2)	Common stock	2,435	$47.22	2,435	D

Explanation of Responses:

1. Includes 27.155 shares of common stock acquired on November 29, 2024, 30.892 shares of common stock acquired on February 28, 2025, 32.744 shares of common stock acquired on May 30, 2024, and 37.674 shares of common stock acquired on August 28, 2025, in each case resulting from the reinvestment of dividends pursuant to Unitil Corporation's Dividend Reinvestment and Stock Purchase Plan.

2. Each restricted stock unit is equivalent in value to one share of Unitil Corporation's common stock, no par value ("Common Stock"), and represents the right to receive a combination of cash and Common Stock after separation from service on Unitil Corporation's Board of Directors. Each restricted stock unit is fully vested upon grant and is payable 70% in Common Stock and 30% in cash, based upon the closing price of Common Stock on the day prior to settlement.

	/s/ Sandra L. Whitney, attorney-in-fact for Neveen F. Awad	10/03/2025
	** 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.
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FAQ

What did the Unitil (UTL) Form 4 filed by Neveen F. Awad report?

The Form 4 reports a disposition of 3,985.5 shares and a grant/acquisition of 2,435 restricted stock units (RSUs) on 10/01/2025.

Are the RSUs granted to Neveen F. Awad vested and how are they paid?

Yes, each RSU is fully vested upon grant and is payable 70% in common stock and 30% in cash based on the closing price the day before settlement.

What per-share amount is associated with the RSUs in the filing?

The Form 4 shows a referenced per-share amount of $47.22 for the RSU conversion to common stock.

Who signed the Form 4 and when was it signed?

The Form 4 is signed by /s/ Sandra L. Whitney, attorney-in-fact for Neveen F. Awad on 10/03/2025.

Does the filing explain why 3,985.5 shares were disposed?

No. The Form 4 records the disposition of 3,985.5 shares but does not provide an explanation for that transaction within this filing.