Robert C. Flexon, President and CEO of UGI Corp /PA/ (NYSE:UGI), filed a Form 4 on November 3, 2026, disclosing transactions on October 31, 2026, related to the vesting of stock units originally granted in November 2024.

Key Highlights

  • Stock unit conversion: 43,585 stock units were converted (transaction code M) into 43,585 shares of UGI Common Stock at a price of $0 on October 31, 2026.
  • Shares withheld for taxes: 15,354 shares were withheld by the issuer (transaction code F) at $38.67 per share to satisfy Flexon's income tax liability associated with the vesting.
  • Resulting direct ownership: Following the transactions, Flexon directly holds 28,231 shares of UGI Common Stock.
  • Remaining derivative securities: 43,585 stock units remain beneficially owned directly following the reported transactions.
  • Original grant date: The stock units were granted effective November 1, 2024, under the UGI Corporation 2021 Incentive Award Plan, with 50% vesting on the second anniversary and 50% on the third anniversary of the grant date.
  • Filing role: Flexon is identified in the filing as both a Director and President and CEO of UGI Corp /PA/.

Robert C. Flexon's October 2026 Stock Unit Vesting at UGI Corp

According to the Form 4 filed with the SEC on November 3, 2026, Robert C. Flexon, President and CEO of UGI Corp /PA/ (NYSE:UGI), reported two transactions in UGI Common Stock on October 31, 2026. First, 43,585 stock units were converted into an equal number of shares of UGI Common Stock at a price of $0, reflecting the vesting of an award originally granted on November 1, 2024, under the UGI Corporation 2021 Incentive Award Plan.

The filing states that each stock unit "represents the right of the recipient to receive a share of UGI Common Stock, with 50% of such stock units vesting on the second anniversary of the grant date and the remaining 50% vesting on the third anniversary of the grant date." Following the conversion, 15,354 shares were withheld by the issuer at a price of $38.67 per share, according to the filing's explanation, to satisfy Flexon's income tax liability associated with the vesting. This is reflected as a disposition (transaction code F) in Table I.

After both transactions, the filing reports that Flexon directly holds 28,231 shares of UGI Common Stock. In Table II, the filing also reports that 43,585 stock units remain directly owned following the reported transactions, with a conversion or exercise price listed as $0. The Form 4 was signed by Pamela A. Meredith as Attorney-in-Fact for Robert C. Flexon and dated November 3, 2026.

What Was Disclosed

The filing disclosed the vesting and conversion of 43,585 stock units into UGI Common Stock, the withholding of 15,354 shares at $38.67 per share for tax purposes, and a resulting direct holding of 28,231 shares by UGI Corp's President and CEO as of October 31, 2026.