Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: The Company’s common stock is listed on the New York Stock Exchange under the symbol “UTL.” As of December 31, 2023, there were 1,143 shareholders of record of our common stock.
−Removed: Common Stock Data
+Added: Common Stock Information
+Added: The Company’s common stock is listed on the New York Stock Exchange under the symbol “UTL.” As of December 31, 2024, there were 1,108 shareholders of record of the Company’s common stock.
+Added: Dividend Information
+Added: Information regarding dividend payments by the Company to the Company’s shareholders for the year ended December 31, 2024 as compared to the year ended December 31, 2023, is set forth in the following table.
Dividends per Common Share
1 unchanged sentence
See “Dividends” in Part II, Item 7 (Management’s Discussion and Analysis of Financial Condition and Results of Operations).
−Removed: Information regarding securities authorized for issuance under our equity compensation plans, as of December 31, 2023, is set forth in the following table.
Equity Compensation Plan Information
+Added: Information regarding securities authorized for issuance under the Company’s equity compensation plans, as of December 31, 2024, is set forth in the following table.
Plan Category
16 unchanged sentences
(also see Note 5 (Equity) to the accompanying Consolidated Financial Statements)
−Removed: (1) Consists of the Second Amended and Restated 2003 Stock Plan (the Plan).
−Removed: On April 19, 2012, shareholders approved the Plan, and a total of 677,500 shares of our common stock were reserved for issuance pursuant to awards of restricted stock, restricted stock units and common stock under the Plan.
+Added: (1) Consists of the Third Amended and Restated 2003 Stock Plan (as amended and restated, the “Plan”).
+Added: On April 19, 2012, shareholders initially approved the Plan, and a total of 677,500 shares of the Company’s common stock were reserved for issuance pursuant to awards of restricted stock, restricted stock units and common stock under the Plan.
+Added: On May 1, 2024, shareholders approved an additional 350,000 shares of the Company’s common stock to be reserved for issuance pursuant to awards of restricted stock, restricted stock units and common stock under the Plan.
A total of 586,645 shares of restricted stock have been awarded and 58,272 restricted stock units have been settled and issued as shares of common stock by Plan participants through December 31, 2024.
2 unchanged sentences
The following graph compares Unitil Corporation’s cumulative stockholder return since December 31, 2019 with the Peer Group index, comprised of the S&P 500 Utilities Index, and the S&P 500 index.
−Removed: The graph assumes that the value of the
−Removed: investment in the Company’s common stock and each index (including reinvestment of dividends) was $100 on December 31, 2018.
+Added: The graph assumes that the value of the investment in the Company’s common stock and each index (including reinvestment of dividends) was $100 on December 31, 2019.
(1) The graph above assumes $100 invested on December 31, 2019, in each category and the reinvestment of all dividends during the five-year period.
3 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Pursuant to the written trading plan under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the Exchange Act), adopted and announced by the Company on June 1, 2023, the Company will periodically repurchase shares of its Common Stock on the open market related to the stock portion of the Directors’ annual retainer for those Directors who elected to receive common stock.
−Removed: There is no pool or maximum number of shares related to these purchases;
−Removed: however, the trading plan will terminate when $614,000 in value of shares have been purchased or, if sooner, on May 31, 2024.
−Removed: The Company may suspend or terminate this trading plan at any time, so long as the suspension or termination is made in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b-5 under the Exchange Act, or other applicable securities laws.
−Removed: The following table provides information regarding repurchases by the Company of shares of its common stock pursuant to the trading plan for each month in the quarter ended December 31, 2023.
+Added: On May 31, 2024, the Company’s 2023 10b5-1 written trading plan under Rule 10b5-1 under the Exchange Act terminated in accordance with its terms.
+Added: The Company did not adopt a new written trading plan under Rule 10b5-1 in 2024.
+Added: The following table provides information regarding repurchases by or on behalf of the Company of shares of its common stock for each month in the quarter ended December 31, 2024.
Total Number of
10 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.