UTL Director Retainer: 2,435 Shares Granted Under 2003 Plan

Rhea-AI Filing Summary

Justine Vogel, a director of Unitil Corporation (UTL), received 2,435 shares of Unitil common stock on 10/01/2025 as the stock portion of her annual director retainer. The shares were issued under the Unitil Corporation Third Amended and Restated 2003 Stock Plan and were transferred into her name at an indicated price of $47.22 per share. After this transaction Ms. Vogel beneficially owned 12,134 shares. The Form 4 was signed on 10/03/2025 by Sandra L. Whitney as attorney-in-fact. The filing is a routine Section 16 disclosure showing a director compensation-related issuance rather than an open-market purchase or sale.

Positive

• 2,435 shares issued as director retainer under the 2003 Stock Plan
• Director's beneficial ownership increased to 12,134 shares, aligning interests with shareholders

Negative

• None.

Insights

Corporate Governance Analyst

Director retainer paid in stock; modest ownership increase.

The filing shows 2,435 shares issued to a director under the company's 2003 stock plan as the stock component of an annual retainer. This is a non‑market, compensation-driven issuance rather than a trading event.

Holding after issuance is 12,134 shares, which documents the director's ongoing equity stake and aligns director compensation with shareholder interests without indicating any change in control or major ownership shift.

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

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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^*

Vogel Justine

(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	12,134	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. 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.

	/s/ Sandra L. Whitney, attorney-in-fact for Justine Vogel	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.

FAQ

What did Justine Vogel report on the Form 4 for UNITIL (UTL)?

The Form 4 reports receipt of 2,435 shares of Unitil common stock on 10/01/2025 as the stock portion of her annual director retainer.

Under which plan were the shares issued to the director?

The shares were granted and transferred under the Unitil Corporation Third Amended and Restated 2003 Stock Plan.

What price is shown for the transferred shares?

The Form 4 lists a price of $47.22 per share for the issuance.

How many Unitil shares does Justine Vogel beneficially own after the transaction?

Following the transfer, Ms. Vogel beneficially owned 12,134 shares.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on 10/03/2025.