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UNITIL CORP·4

Jan 29, 4:55 PM ET

Simpson Carleton B 4

Research Summary

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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.