Simpson Carleton B 4
4 · UNITIL CORP · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Unitil (UTL) SVP & Gen. Counsel Carleton B. Simpson Receives Awards
What Happened
Carleton B. Simpson, Unitil Corporation's Senior Vice President, General Counsel & Secretary, received three equity awards on January 27, 2026 totaling 3,975 shares: two grants of 1,590 shares each and one contingent award of 795 shares. The awards were granted (transaction code A) at $0.00 per share (standard for equity awards) and will be valued at the market price on the applicable vesting or grant date. These are grants/awards (not purchases or sales) and reflect compensation rather than an open-market investment by the insider.
Key Details
- Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (filed timely).
- Awards: 1,590 shares (grant, F1), 1,590 shares (grant, F2), 795 shares (derivative/contingent, F3) — total 3,975 shares. Price reported: $0.00 for the two immediate grants; the 795-share line is listed as a derivative/contingent award (N/A price).
- Shares owned after transaction: not reported on the Form 4 provided.
- Footnotes:
- F1 — 1,590-share grant under the 2003 Stock Plan; generally vests 25% per year over four years and valued at market price upon vesting.
- F2 — 1,590-share grant under the Plan tied to a three-year performance period; vesting depends on achieving specified performance thresholds and will be valued at market price when it vests.
- F3 — 795 shares are a potential future grant subject to a performance period ending Dec 31, 2028; any such shares would be granted only if performance thresholds are met and valued at market price on grant.
- Transaction type: Award/Grant (A). No sale or purchase reported; no 10b5-1 or tax-withholding codes disclosed.
Context
Equity awards are a common form of executive compensation and typically vest over time or upon meeting performance goals. These grants do not represent an immediate cash transaction and do not, by themselves, signal insider buying or selling sentiment. The performance-based and contingent portions mean some shares may never be issued unless Unitil meets the specified goals.
Insider Transaction Report
- Award
Common stock, no par value
[F1]2026-01-27+1,590→ 0 total - Award
Common stock, no par value
[F2]2026-01-27+1,590→ 5,100 total - Award
Contingent grant of common stock
[F3]2026-01-27+795→ 1,275 total→ Common stock (795 underlying)
Footnotes (3)
- [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 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.