Corporate GovernanceAug 10, 2026, 05:33 PM
UGI Approves New Executive Short-Term Incentive Bonus Plan
AI Summary
UGI Corporation's Compensation and Talent Development Committee approved a new Executive Short-Term Incentive Bonus Plan, effective October 1, 2026. This new plan will replace all existing executive annual bonus plans for the company and its participating subsidiaries. The plan aims to provide financial incentives, calculated as a percentage of base salary, to selected senior-level employees who meet specific annual performance goals and service criteria.
Key Highlights
- UGI Corporation's Compensation Committee approved a new Executive Short-Term Incentive Bonus Plan.
- The new Bonus Plan is effective starting October 1, 2026.
- It supersedes and replaces all prior executive annual bonus plans for UGI and its participating affiliates.
- The plan provides financial incentives as a percentage of base salary to selected senior-level employees.
- Participants must satisfy annual Performance Goals and service criteria to receive a bonus.
- Provisions are included for qualifying termination requirements, such as retirement or disability.
- All executive officers designated under Section 16 of the Exchange Act are participants in the plan.
Price Impact
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