John Koerwer - Dec 31, 2024 Form 4 Insider Report for UGI CORP /PA/ (UGI)

Role: Chief Information Officer
Signature: /s/ Pamela A. Meredith, Attorney-in-Fact for John Koerwer
Stock symbol: UGI
Transactions as of: Dec 31, 2024
Transactions value $: -$19,987
Form type: 4
Date filed: 1/3/2025, 04:38 PM
Previous filing: Jan 3, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UGI	UGI Common Stock	Options Exercise	$0	+2.16K	+14.18%	$0.00	17.4K	Dec 31, 2024	Direct
transaction	UGI	UGI Common Stock	Tax liability	-$20K	-708	-4.07%	$28.23	16.7K	Dec 31, 2024	Direct	F1
holding	UGI	UGI Common Stock						2.38K	Dec 31, 2024	By 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UGI	Stock Units	Options Exercise	$0	-2.16K	-100%	$0.00	0	Dec 31, 2024	UGI Common Stock	2.16K	$0.00	Direct	F2
transaction	UGI	Performance Units	Award	$0	+9.12K		$0.00	9.12K	Jan 1, 2025	UGI Common Stock	9.12K	$0.00	Direct	F3
transaction	UGI	Stock Units	Award	$0	+6.02K		$0.00	6.02K	Jan 1, 2025	UGI Common Stock	6.02K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares were withheld by the issuer to satisfy the reporting person's income tax liability associated with the vesting of an award made in 2022.
F2	Effective January 1, 2022, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan. Each stock unit represents the right of the reporting person to receive a share of UGI Common Stock after three years of employment.
F3	Effective January 1, 2025, the reporting person was granted performance units under the UGI Corporation 2021 Incentive Award Plan. Each performance unit represents the right of the reporting person to receive a share of UGI Common Stock if specified performance goals and other conditions are met.
F4	Effective January 1, 2025, the reporting person was granted stock units with dividend equivalents under the UGI Corporation 2021 Incentive Award Plan. 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.