Tematio Jean Felix 4

What Happened
Tematio Jean Felix, Vice President, Chief Accounting Officer & Corporate Controller of UGI Corporation (UGI), exercised 12,840 stock options (code M) at an exercise price of $24.60 on 2026-02-11 (cost $315,864) and sold the same 12,840 shares in an open-market transaction the same day for aggregate proceeds of about $488,848 (average reported sale price $38.07). The filing also records a derivative disposition at $0.00, reflecting conversion/settlement of the options upon exercise. Net pre-tax proceeds were roughly $172,984.

Key Details

• Transaction date: 2026-02-11 (reported on Form 4 filed 2026-02-13). Filing appears timely.
• Exercise: 12,840 shares at $24.60 — total cash outlay $315,864.
• Sale: 12,840 shares in open market — aggregate proceeds ~$488,848; footnote states sale prices ranged $38.00–$38.16 (filing reports average $38.07).
• Derivative line: 12,840 shares disposed at $0.00, indicating the option conversion/settlement.
• Shares owned after transaction: Not specified in the provided filing information.
• Footnote: UGI will provide, on request, the breakdown of how many shares were sold at each specific price between $38.00 and $38.16.

Context
This is a routine cashless exercise followed by an immediate sale — common when insiders exercise options to capture gains or cover exercise/tax costs. Sales do not necessarily signal a negative view of the company; they often reflect personal finance or tax planning. The transaction generated an approximate pre-tax gain of $173k (proceeds minus exercise cost).