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UTL Form 4: 2,435 Shares Granted; 9,248 RSUs Fully Vested

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

David A. Whiteley, a director of Unitil Corp (UTL), reported stock compensation and a grant on 10/01/2025. He acquired 2,435 shares of common stock at a reported price of $47.22 per share as the stock portion of his annual director retainer. Separately, he holds 9,248 restricted stock units (RSUs) that are fully vested and payable after separation from Board service. Each RSU equals one share and will be paid 70% in common stock and 30% in cash, with payouts based on the closing stock price the day before settlement. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Whiteley on 10/03/2025.

Positive

  • 2,435 shares were acquired as the stock portion of the director retainer on 10/01/2025
  • 9,248 RSUs are fully vested, providing a clear deferred compensation arrangement
  • RSUs payable 70% in stock and 30% in cash, reducing immediate dilution to shareholders

Negative

  • None.
Insider WHITELEY DAVID A
Role Director
Type Security Shares Price Value
Grant/Award Common stock, no par value 2,435 $47.22 $115K
holding Restricted stock units -- -- --
Holdings After Transaction: Common stock, no par value — 11,033 shares (Direct); Restricted stock units — 0 shares (Direct)
Footnotes (1)
  1. Shares were granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan and transferred into my name in connection with the stock portion of my annual retainer fee as a Director of the Company. 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.
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).
1. Name and Address of Reporting Person*
WHITELEY DAVID A
(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 10/01/2025 A(1) 2,435 A $47.22 11,033 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) (2) (2) Common stock 0 9,248 D
Explanation of Responses:
1. Shares were granted pursuant to the Unitil Corporation Third Amended and Restated 2003 Stock Plan and transferred into my name in connection with the stock portion of my annual retainer fee as a Director of the Company.
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 David A. Whiteley 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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Unitil director David A. Whiteley report on Form 4 (UTL)?

He reported acquiring 2,435 common shares on 10/01/2025 and holding 9,248 fully vested RSUs.

At what price were the 2,435 shares reported purchased?

The Form 4 shows a transaction price of $47.22 per share.

How are the RSUs payable for Mr. Whiteley?

Each RSU equals one share and will be paid 70% in common stock and 30% in cash based on the closing price the day before settlement.

Are the RSUs vested or unvested?

The Form 4 states the 9,248 RSUs are fully vested upon grant.

Who signed the Form 4 for David A. Whiteley?

The form was signed by Sandra L. Whitney, attorney-in-fact, on 10/03/2025.