Hurstak Daniel J 4

What Happened
Daniel J. Hurstak, Unitil Corporation’s SVP, Chief Financial Officer & Treasurer, received multiple stock awards on January 27, 2026. The Form 4 shows: two grants of 2,430 shares each reported at $0.00, one grant of 40 shares at $50.00 (value $2,000), and a 1,215-share derivative/contingent award reported with no per-share price. These were reported as awards/grants (transaction code A) — company compensation, not open-market purchases or sales.

Key Details

• Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (appears timely under Form 4 rules).
• Grants reported:
  • 2,430 shares @ $0.00 (Acquired) — grant type per F1 (restricted stock; typically vests 25% per year over four years).
  • 2,430 shares @ $0.00 (Acquired) — likely a different award tranche (see footnotes).
  • 40 shares @ $50.00 (Acquired) — total reported value $2,000.
  • 1,215 shares @ N/A (Acquired, derivative/contingent award) — tied to performance criteria.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Some shares vest 25% per year over four years; valued at market price when they vest.
  • F2/F3: Other awards are performance-based (three-year performance periods); some grants were issued at the conclusion of the 2023–2025 performance period and valued at market on grant.
  • F4/F5 relate to dividend reinvestment and potential future performance grants.

Context
These entries are compensation awards (A) rather than purchases or sales — common for executive pay and not a direct market signal like an open-market buy. The 1,215-share item is a derivative/contingent award tied to performance metrics; such awards vest only if performance goals are met. No sales or option exercises were reported in this filing.