O'Brien Sean 4

What Happened

• Sean O'Brien, Chief Financial Officer of UGI Corp (UGI), had 5,660 stock units convert into 5,660 shares on April 10, 2026 (reported on Form 4). The conversion/exercise entries are recorded at $0.00 per share (this reflects settlement of stock units, not a cash purchase). To satisfy income taxes on the vesting, 1,576 shares were withheld by the issuer at $37.94 per share (total withheld value $59,793).

Key Details

• Transaction date: April 10, 2026.
• Conversion/settlement: 5,660 shares (coded M — exercise/conversion of derivative) at $0.00.
• Tax withholding: 1,576 shares withheld (coded F) at $37.94, totaling $59,793.
• Footnotes: F1 — shares withheld to satisfy the reporting person's income tax liability on vesting; F2 — these were stock units granted April 11, 2023 under UGI’s 2021 Incentive Award Plan that vested after the three-year period.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Form filed April 14, 2026 for an April 10 transaction — this is after the usual 2-business-day Form 4 deadline.

Context

• This was a scheduled settlement of previously granted stock units (similar to RSUs), not an open-market buy or sale. The withholding of shares to cover taxes is a common, administrative disposition and does not indicate an open-market sale of shares by the insider.
• Transaction codes: M = exercise/conversion of derivative (here, settlement of stock units); F = shares withheld to satisfy tax withholding.