---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-019155"
form_type: "8-K"
ticker: "UTL"
cik: "0000755001"
company_name: "UNITIL CORP"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:53:20.124688+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-019155
- form_type: 8-K
- ticker: UTL
- cik: 0000755001
- company_name: UNITIL CORP
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/755001/000119312523019155/0001193125-23-019155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/755001/000119312523019155/d496495d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-019155
- JSON: https://secwatch.observer/filing/0001193125-23-019155.json
- Plain text: https://secwatch.observer/filing/0001193125-23-019155.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.