MEISSNER THOMAS P JR 4
4 · UNITIL CORP · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Unitil (UTL) CEO Thomas Meissner Receives Stock Award
What Happened
Thomas P. Meissner Jr., Chairman & CEO of Unitil Corporation (UTL), was granted multiple equity awards on January 27, 2026 totaling 20,535 shares. The filing shows two grants of 8,090 shares each (reported at $0.00), one grant of 310 shares valued at $50.00 each (total $15,500), and 4,045 shares reported as a derivative award (value N/A). These were awards/acquisitions (code A) — compensation and performance/time-based grants rather than open-market purchases.
Key Details
- Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (timely). Accession: 0001193125-26-029406.
- Grants: 8,090 shares @ $0.00 (two tranches), 310 shares @ $50.00 (value $15,500), 4,045 derivative shares @ N/A. Total shares granted: 20,535.
- Shares owned after transaction: not provided in the supplied data.
- Relevant footnotes: grants come under the Unitil Third Amended and Restated 2003 Stock Plan. Footnotes indicate: time-vested awards generally vest 25% per year over four years; some awards vest after a three-year performance period based on performance goals; one tranche was paid at the conclusion of the 2023–2025 performance period; some shares are held in a tax-deferred trust; future contingent awards may vest after a performance period ending Dec 31, 2028.
- Filing timeliness: filed promptly (no late filing flag).
Context
These are compensation and performance-based awards (not open-market buys or sales). The $0.00 entries reflect awards issued rather than cash purchases; the derivative line indicates contingent/convertible awards (e.g., performance shares or RSUs) that will convert to common stock upon satisfying vesting or performance conditions. Such awards are routine for executive compensation and intended for retention and performance incentives, not a direct buy/sell signal.
Insider Transaction Report
- Award
Common stock, no par value
[F1]2026-01-27+8,090→ 0 total - Award
Common stock, no par value
[F2]2026-01-27+8,090→ 0 total - Award
Common stock, no par value
[F3]2026-01-27$50.00/sh+310$15,500→ 145,995 total - Award
Contingent grant of common stock
[F5]2026-01-27+4,045→ 11,140 total→ Common stock (4,045 underlying)
- 2,743.07(indirect: By Trust)
Common stock, no par value
[F4]
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]Shares are held in trust under the terms of the Unitil Corporation Tax Deferred Savings and Investment Plan.
- [F5]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.