LeBlanc Christopher J 4
4 · UNITIL CORP · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Unitil (UTL) VP Christopher LeBlanc Receives 2,740-Share Awards
What Happened Christopher J. LeBlanc, Vice President of Unitil Corporation (UTL), was granted a total of 2,740 shares on January 27, 2026 via equity awards. The filing shows: 1,080 shares (award) at $0.00, another 1,080 shares (award) at $0.00, 40 shares at $50.00 (total value $2,000), and 540 shares reported as a derivative award (N/A price). These were grants/awards (compensation), not open‑market purchases or sales.
Key Details
- Transaction date: 2026-01-27 (filed with SEC on 2026-01-29 — timely within the usual 2-business-day Form 4 window).
- Reported transactions (all code A = award/grant): 1,080 @ $0.00; 1,080 @ $0.00; 40 @ $50.00 (value $2,000); 540 (derivative, price N/A).
- Shares owned after the transactions: not disclosed in the provided excerpt.
- Notable footnotes:
- Some shares are time‑based restricted awards (typically vest 25% per year over four years).
- Some shares are performance‑based and vest after a three‑year performance period based on attainment of goals.
- A tranche was granted at the conclusion of the 2023–2025 performance period and was valued at market price on the grant date; some awards may be contingent.
- Dividend reinvestment and future contingent grants are referenced in other footnotes.
- Filing status: timely (no late filing indicated in the data provided).
Context These transactions are compensation awards (A = award) rather than purchases or sales. Time‑based awards typically vest over years; performance awards depend on future metrics. Derivative entries here reflect contingent/performanced-based stock awards rather than option exercises or immediate cash transactions. Awards reflect company compensation plans and do not, by themselves, indicate insider buying or selling sentiment.
Insider Transaction Report
- Award
Common stock, no par value
[F1]2026-01-27+1,080→ 0 total - Award
Common stock, no par value
[F2]2026-01-27+1,080→ 0 total - Award
Common stock, no par value
[F3][F4]2026-01-27$50.00/sh+40$2,000→ 22,372.16 total - Award
Contingent grant of common stock
[F5]2026-01-27+540→ 1,520 total→ Common stock (540 underlying)
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]Includes 44.268 shares of common stock acquired on February 28, 2025, 46.552 shares of common stock acquired on May 30, 2025, 53.116 shares of common stock acquired on August 28, 2025 and 50.729 shares of common stock acquired on November 28, 2025, in each case resulting from the reinvestment of dividends pursuant to Unitil Corporation's Dividend reinvestment and Stock Purchase 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.