LeBlanc Christopher J 4

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.