BROWNELL DAVID P 4
4 · UNITIL CORP · Filed Oct 3, 2017
Insider Transaction Report
Form 4
UNITIL CORPUTL
BROWNELL DAVID P
Director
Transactions
- Award
Restricted stock units
2017-10-02$50.23/sh+1,194$59,975→ 8,032 total→ Common stock (1,194 underlying)
Holdings
- 5,276
Common stock, no par value
Footnotes (1)
- [F1]Each restricted stock unit is equivalent in value to one share of Unitil Corporation's common stock, no par value ("Common Stock"), and represents the right to receive a combination of cash and Common Stock after separation from service on Unitil Corporation's Board of Directors. Each restricted stock unit is fully vested upon grant and is payable 70% in Common Stock and 30% in cash, based upon the closing price of Common Stock on the day prior to settlement.