UGI CORP /PA/ — Director's Dealing 2025

Jan 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UGI CORP /PA/ (UGI)
CIK: 0000884614
Period of Report: 2024-12-31

Reporting Person: Koerwer John (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-31	UGI Common Stock	M	2160	—	Acquired	17393	Direct
2024-12-31	UGI Common Stock	F	708	$28.23	Disposed	16685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-12-31	Stock Units	$0	M	2160	Disposed	2024-12-31	UGI Common Stock (2160)	Direct
2025-01-01	Performance Units	$0	A	9124	Acquired	2027-12-31	UGI Common Stock (9124)	Direct
2025-01-01	Stock Units	$	A	6022	Acquired		UGI Common Stock (6022)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
UGI Common Stock	2376	Indirect

Footnotes

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.