secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0000884614-23-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI Corp. appoints Sean O'Brien as CFO; Ted Jastrzebski to retire April 11
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- O'Brien joins from DCP Midstream, where he served as Group VP and CFO since 2012.
- Jastrzebski will retire as CFO effective April 11, 2023, but stay until early June for transition.
- O'Brien receives base salary of $625,000, target bonus 80% of salary, equity award of $1M.
- O'Brien also granted a target equity award for FY2024 valued at $1.5M.
- Change-in-control agreement provides 2.5x base salary and bonus if terminated without cause post-change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000036/0000884614-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000088461423000036/ugi-20230313.htm
  HTML page:      https://secwatch.observer/filing/0000884614-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer