Unitil (NYSE: UTL) CEO Meissner reports time-based and performance stock grants
Rhea-AI Filing Summary
Unitil Corporation’s Chairmain & CEO and director Thomas P. Meissner Jr. reported new equity awards under the Unitil Corporation Third Amended and Restated 2003 Stock Plan dated January 27, 2026.
He received 8,090 shares of common stock that generally vest 25% per year over four years, and another 8,090 shares that generally vest after a three‑year performance period based on specified performance thresholds. He was also granted 310 shares at $50 per share at the conclusion of the 2023‑2025 performance period, reflecting achieved performance goals.
In addition, Meissner acquired a contingent grant for 4,045 shares of common stock, which may be earned after a three‑year performance period ending on December 31, 2028, subject to performance thresholds. Following these transactions, he beneficially owns 145,995 common shares directly and 2,743.07 shares indirectly through a trust under Unitil’s Tax Deferred Savings and Investment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Contingent grant of common stock | 4,045 | $0.00 | -- |
| Grant/Award | Common stock, no par value | 8,090 | $0.00 | -- |
| Grant/Award | Common stock, no par value | 8,090 | $0.00 | -- |
| Grant/Award | Common stock, no par value | 310 | $50.00 | $16K |
| holding | Common stock, no par value | -- | -- | -- |
Footnotes (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. 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. 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. Shares are held in trust under the terms of the Unitil Corporation Tax Deferred Savings and Investment Plan. 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.