Unitil (NYSE: UTL) CFO Hurstak granted stock awards and buys shares

Rhea-AI Filing Summary

Unitil Corporation SVP, CFO & Treasurer Daniel J. Hurstak reported multiple equity awards and a small share acquisition dated January 27, 2026. He received 2,430 shares of common stock that generally vest 25% per year over four years and another 2,430 performance-based shares that generally vest after a three-year performance period.

Hurstak was also granted 1,215 contingent common shares tied to a three-year performance period ending December 31, 2028, and acquired 40 common shares at $50 each following completion of the 2023–2025 performance period. After these transactions, he directly owned 20,089.37 common shares and 3,330 derivative (contingent) shares.

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

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hurstak Daniel J

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CFO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

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	01/27/2026		A		2,430	A	$0(1)	0	D
Common stock, no par value	01/27/2026		A		2,430	A	$0(2)	0	D
Common stock, no par value	01/27/2026		A		40	A	$50(3)	20,089.37(4)	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
Contingent grant of common stock	(5)	01/27/2026		A		1,215		(5)	(5)	Common stock	1,215	(5)	3,330	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. Includes114.625 shares of common stock acquired on February 28, 2025, 121.718 shares of common stock acquired on May 30, 2025, 140.309 shares of common stock acquired on August 28, 2025 and 135.571 shares of common stock acquired on November 28, 2025, in each case resulting from the reinvestment of dividends pursuant to Unitil Corporation's Dividend reinvestment and Stock Purchase Plan.

5. 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.

	/s/ Thomas P. Meissner, Jr., attorney-in-fact for Daniel J. Hurstak	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Unitil (UTL) CFO Daniel Hurstak report on January 27, 2026?

Daniel Hurstak reported stock-based compensation and a small share purchase. He received two 2,430-share common stock grants under Unitil’s stock plan and acquired 40 shares at $50, plus a 1,215-share contingent performance-based grant.

How many Unitil (UTL) shares does CFO Daniel Hurstak own after these Form 4 transactions?

After the reported transactions, Daniel Hurstak directly owned 20,089.37 shares of Unitil common stock and 3,330 derivative (contingent) shares. The common stock total includes fractional shares accumulated through dividend reinvestment under Unitil’s Dividend Reinvestment and Stock Purchase Plan.

What are the vesting terms of the 2,430-share Unitil (UTL) stock awards to CFO Hurstak?

One 2,430-share grant generally vests 25% each year over four years, based on time. The second 2,430-share grant generally vests after a three-year performance period, depending on achieving specified performance thresholds under Unitil’s Third Amended and Restated 2003 Stock Plan.

How is the 1,215-share contingent grant to Unitil (UTL) CFO Hurstak structured?

The 1,215-share contingent grant may be awarded after a three-year performance period ending December 31, 2028. Any such shares depend on meeting certain performance thresholds and would be valued at the then-current market price on the grant date.

What was the price and nature of the 40 Unitil (UTL) shares acquired by CFO Hurstak?

Hurstak acquired 40 shares of Unitil common stock at $50 per share. These shares were granted at the conclusion of the 2023–2025 performance period, based on achieved performance thresholds, and were valued at the current market price on the grant date.

Under which plan were Daniel Hurstak’s Unitil (UTL) stock grants made?

All reported stock and contingent share grants were made under the Unitil Corporation Third Amended and Restated 2003 Stock Plan. The plan provides for time-based vesting, performance-based vesting over multi-year periods, and values shares at current market price on vesting or grant dates.