UTL insider filing: 2,435 vested RSUs and 3,985.5-share disposition
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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted stock units | 2,435 | $47.22 | $115K |
| holding | Common stock, no par value | -- | -- | -- |
Footnotes (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. 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.
