Unitil Corporation’s CAO & Controller, Todd R. Diggins, reported multiple equity awards dated January 27, 2026 under the company’s Third Amended and Restated 2003 Stock Plan.
He acquired 1,080 time-vesting shares, 1,080 performance-based shares, and 10 shares granted after the 2023–2025 performance period, plus a 540-share contingent stock grant tied to a three-year performance period ending December 31, 2028.
Unitil Corporation vice president Christopher J. LeBlanc reported multiple stock awards and vesting transactions dated January 27, 2026. He received two grants of 1,080 shares of common stock at no cost under Unitil’s Third Amended and Restated 2003 Stock Plan, with one grant vesting 25% per year over four years and the other tied to a three-year performance period.
He also acquired 40 shares of common stock at $50 per share, issued at the conclusion of the 2023–2025 performance period based on achieved performance goals. Following these transactions and prior dividend reinvestments, his directly held common stock position is 22,372.16 shares, and he holds 1,520 derivative (contingent) shares that may vest based on future performance conditions.
Unitil Corporation CTO Justin Eisfeller reported multiple equity awards and updated holdings. On January 27, 2026, he received 1,080 shares of common stock that generally vest 25% per year over four years, and another 1,080 performance-based shares that generally vest after a three-year performance period if specified goals are met.
He was also granted 40 shares of common stock at $50 per share tied to the completed 2023–2025 performance period, bringing his directly held common stock to 18,394 shares. In addition, he holds 1,328.86 shares indirectly in a company savings and investment plan trust and 1,520 contingent derivative units linked to potential future grants after a three-year performance period ending December 31, 2028.
Unitil Corporation filed an 8-K describing an amendment to its previously announced agreement to acquire Aquarion Water Company of Massachusetts, Inc., Aquarion Water Company of New Hampshire, Inc., and Abenaki Water Co., Inc. from Aquarion Water Authority.
The amendment, dated January 23, 2026, changes the Purchase Agreement’s “Termination Date” from January 23, 2026 to February 23, 2026, effectively giving the parties an additional month to close the transaction or meet remaining conditions. All other terms of the Purchase Agreement remain in place, and Unitil states that it and its controlled affiliates have no material relationships with the seller or the South Central Connecticut Regional Water Authority other than this transaction.
Unitil Corporation reported new equity awards for Pres. & Chief Admin Officer Robert B. Hevert. On January 27, 2026, he received 3,740 shares of common stock that generally vest 25% per year over four years under the Third Amended and Restated 2003 Stock Plan.
He also received 3,740 performance-based shares that generally vest after a three-year performance period, plus 90 shares granted at the conclusion of the 2023–2025 performance period at $50 per share. Following these transactions, he beneficially owned 35,465.35 shares of common stock directly, including shares accumulated through dividend reinvestment, and 5,120 contingent stock-based derivative securities tied to performance through December 31, 2028.
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.
Unitil Corporation reported an upcoming leadership transition in its corporate governance team. Corporate Secretary Sandra L. Whitney has given notice that she will retire and resign from the company and its subsidiaries effective at the end of the day on December 31, 2025.
As part of its succession plan, Unitil will appoint Carleton B. Simpson, currently Senior Vice President and General Counsel, as Corporate Secretary effective January 1, 2026. He will continue serving as General Counsel while taking on the additional Corporate Secretary role. The company expects Ms. Whitney to provide consulting services through April 30, 2026 to support a smooth transition of responsibilities.
Unitil Corporation (UTL) insider filing: The company’s SVP and General Counsel filed an initial ownership statement. The insider directly holds 1,920 shares of common stock. The filing also lists a contingent right to 480 common shares under the Unitil Corporation Third Amended and Restated 2003 Stock Plan, deliverable after a three-year performance period ending December 31, 2027, based on attainment of performance goals. The date of event is October 29, 2025.
Unitil Corporation appointed Carleton B. Simpson, 35, as Senior Vice President and General Counsel, effective immediately. Under the company’s by-laws, his term runs until the first meeting of the Board of Directors after the next annual meeting of shareholders, and until his successor is chosen and qualified.
Simpson most recently served as Vice President of Energy Transformation at Fitchburg Gas and Electric Light Company. He previously worked at Unitil from 2013 to 2021 across engineering, regulatory, external affairs, and legal roles, and served as a Commissioner of the New Hampshire Public Utilities Commission from 2021 to 2024. He holds a B.S. in Electrical Engineering (University of New Hampshire), an M.S. in Electrical and Computer Engineering (Worcester Polytechnic Institute), and a J.D. (Suffolk University Law School).
Unitil Corporation completed its purchase of Maine Natural Gas Company and put new financing in place to support the deal. Unitil paid $86.0 million in cash for the stock, plus approximately $7.1 million for estimated working capital.
On October 31, 2025, Unitil entered into a senior unsecured delayed draw term Credit Agreement with The Bank of Nova Scotia for up to $86 million. Borrowings are permitted until October 31, 2026, with all amounts due at that time. Unitil borrowed $86.0 million on the closing date to partially finance the acquisition. The facility allows prepayment at any time without premium (other than breakage costs) and includes mandatory prepayments from net proceeds of certain new debt, equity, asset sales or insurance recoveries, subject to a $25 million threshold for asset sale and casualty proceeds.
Covenants include limits on additional liens, debt, investments, dividends, guarantees, mergers and business changes, and a financial covenant capping Funded Debt to Capitalization at 65%, tested quarterly. A separate Transition Services Agreement provides up to 12 months of services from Avangrid to maintain Maine Natural’s operations, reimbursed monthly at cost.