Eisfeller Justin 4

What Happened

• Justin Eisfeller, Chief Technology Officer of Unitil Corporation (UTL), was granted multiple equity awards on January 27, 2026 totaling 2,740 shares. The filing shows two grants of 1,080 shares each (reported at $0.00), one grant of 40 shares at $50.00 each (total $2,000), and a grant of 540 derivative shares reported as N/A for price/value. These were reported on a Form 4 filed January 29, 2026. This transaction is an award/grant (code A) — a compensation event, not an open‑market buy or sale.

Key Details

• Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (timely filing).
• Grants: 1,080 shares @ $0.00; 1,080 shares @ $0.00; 40 shares @ $50.00 (value $2,000); 540 derivative shares @ N/A.
• Shares owned after transaction: Not specified in the provided filing summary.
• Relevant footnotes from the filing:
  • F1: Some shares vest 25% per year over four years (time‑based RSUs).
  • F2: Some shares vest after a three‑year performance period based on performance goals.
  • F3: The 40 shares were granted at the conclusion of a 2023–2025 performance period and were valued at market on the grant date; remaining contingent awards for that period terminated.
  • F4: Some shares are held in trust under Unitil’s Tax Deferred Savings and Investment Plan (derivative/held shares).
• Transaction code: A = Award/Grant.

Context

• These awards are compensation-based grants (common for executives) and do not represent an open‑market purchase or sale. Time‑ and performance‑vesting conditions mean the shares may not be immediately transferable or sold. Derivative/held shares typically represent restricted or deferred stock arrangements.
• Such grants are routine for executive pay and should be interpreted as compensation, not a clear signal of the insider’s market view.