UTL Form 4: Director Mark Collin Granted 2,435 Shares
Rhea-AI Filing Summary
Mark H. Collin, a director of Unitil Corp (UTL), received 2,435 shares of the company's common stock on 10/01/2025 as the stock portion of his annual director retainer under the Third Amended and Restated 2003 Stock Plan. The transaction was reported on Form 4 and recorded at a price of $47.22 per share. Following the grant, the filing shows beneficial ownership of 58,837.16 shares. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Collin on 10/03/2025. The filing discloses a routine director compensation share grant and does not list any derivative transactions.
Positive
- 2,435 shares granted to a director as part of his annual retainer
- Grant was processed under the Third Amended and Restated 2003 Stock Plan
- Transaction reported promptly via Form 4 with signed disclosure
Negative
- None.
Insights
Director received equity retainer aligning interests with shareholders.
The Form 4 shows a 2,435-share grant under the company stock plan as the stock portion of the annual director retainer. This is a standard mechanism to compensate directors and align their incentives with long-term shareholder value.
The transaction is reported as a direct acquisition at an execution price of $47.22 and results in listed beneficial ownership of 58,837.16 shares; no derivatives were reported.
Filing documents a routine, non-sale acquisition by a director.
The Form 4 discloses an acquisition (code A(1)) on 10/01/2025 and was timely signed on 10/03/2025. The report includes the grant explanation and shows the transaction was processed under the company stock plan.
No disposals, option exercises, or other derivative activity are reported, indicating this was solely a compensation-related issuance.