secwatch.observer — SEC 8-K summary
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Issuer:     UGI CORP /PA/ (UGI)
CIK:        0000884614
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001558370-24-013284
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UGI appoints Robert Flexon as President and CEO effective Nov 1, 2024
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- Robert Flexon appointed President and CEO; Mario Longhi resumes role as non-executive Chair, effective Nov 1.
- Flexon receives $1.15M base salary, $300K sign-on bonus, target bonus 125% of base, and $5.1125M equity award.
- Equity award is 60% performance units (3-year TSR vesting) and 40% time-restricted stock units (2/3-year vesting).
- Flexon steps down from PG&E Board (NYSE: PCG) on Oct 31; he previously served as UGI CFO in 2011.
- Alan Harris ceases as Presiding Director; Flexon also eligible for SERP, Severance Plan, and Change-in-Control benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884614/000155837024013284/0001558370-24-013284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884614/000155837024013284/ugi-20241015x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013284

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