Unitil adopts equity mix shift, grants 6,820 time & 6,820 performance shares to CEO

UNITIL CORP

Compensation committee approved new practice: 50% time-based, 50% performance-based restricted stock for executives.
CEO Thomas Meissner receives 6,820 time and 6,820 performance shares; CFO Hevert gets 2,020 each.
Three-year performance period through Dec 2025; vesting tied to ROE and book value per share growth targets.
Award size formula changed: now based on salary midpoint × multiplier (CEO 135%, CFO 70%, other NEOs 45%).
Time shares vest 25% per year over four years; performance shares vest after three years based on goal attainment.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.