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Companies Unitil Corp

Unitil (UTL): executive pay, fiscal 2025

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CEO total pay$3,189,116CEO Thomas Meissner Jr. · source
Say-on-pay support96.87%Latest vote · source
CEO vs. named peers10th pct.Of 10 peer CEOs
CEO pay ratio21:1To the median employee · source

CEO pay, last three years

  • $2,625,890FY2023
  • $2,572,032FY2024
  • $3,189,116FY2025

CEO total pay was $3,189,116 in fiscal 2025, up from $2,572,032 in fiscal 2024.

FY2025: salary $744,066 · bonus $0 · stock awards $751,842 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Unitil Corp in fiscal 2025?
As disclosed, Thomas Meissner Jr. (Chairman of the Board & Chief Executive Officer) was the highest-paid executive at Unitil Corp in fiscal 2025, with total compensation of $3,189,116.
How does Unitil Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Thomas Meissner Jr.'s total compensation ranked at the 10th percentile of Unitil Corp's disclosed peer group.
What is Unitil Corp's CEO-to-median employee pay ratio?
As disclosed, Unitil Corp's CEO-to-median employee pay ratio was 21:1.
How did shareholders vote on Unitil Corp's executive compensation?
As disclosed, 96.87% of shareholders supported Unitil Corp's executive compensation in the latest say-on-pay vote.
How much does Unitil Corp spend in total on board compensation for fiscal 2025?
As disclosed, Unitil Corp reported total board compensation of $2,433,340 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Thomas Meissner Jr.$744,066$0$751,842$0$662,591$860,413$170,204$3,189,116
Chairman of the Board & Chief Executive Officer
Robert Hevert486,0000348,5430332,910154,314293,0991,614,866
President & Chief Administrative Officer
Daniel Hurstak352,8920225,3420217,55881,282121,923998,997
Senior Vice President, Chief Financial Officer & Treasurer
Christopher LeBlanc306,3750101,0880147,079228,05980,680863,281
Senior Vice President, Gas Operations
Justin Eisfeller296,9510101,0880142,388170,30972,149782,885
Vice President & Chief Technology Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Thomas Meissner Jr.$3,189,116$2,572,032$2,625,890↑ +617,084
Robert Hevert1,614,8661,319,4621,088,405↑ +295,404
Daniel Hurstak998,997875,878661,326↑ +123,119
Christopher LeBlanc863,281648,295709,806↑ +214,986
Justin Eisfeller782,885664,845710,536↑ +118,040

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Annual compensation (currently defined as base salary, cash incentive and equity compensation for the Company's employees, including the Executive Officers) should generally target the national market median, which is defined as the middle, or the 50th percentile, of the compensation marketplace.

CEO STI target (% of salary)65%
CEO LTI target (% of salary)—
Independent consultantWillis Towers
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher LeBlancPSU2025-01-28480960—1,440$50,544
Daniel HurstakPSU2025-01-281,0702,140—3,210112,671
Robert HevertPSU2025-01-281,6553,310—4,965174,272
Justin EisfellerPSU2025-01-28480960—1,44050,544
Thomas Meissner Jr.PSU2025-01-283,5707,140—10,710375,921
Daniel HurstakPSU2025-01-282,1402,140—2,140112,671
Robert HevertPSU2025-01-283,3103,310—3,310174,272
Christopher LeBlancPSU2025-01-28960960—96050,544
Justin EisfellerPSU2025-01-28960960—96050,544
Thomas Meissner Jr.PSU2025-01-287,1407,140—7,140375,921

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher LeBlanc$0$101,088$0100.0%
Daniel Hurstak0225,3420100.0%
Robert Hevert0348,5440100.0%
Justin Eisfeller0101,0880100.0%
Thomas Meissner Jr.0751,8420100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Daniel HurstakRSU443—$21,435
Justin EisfellerRSU443—21,435
Christopher LeBlancRSU443—21,435
Robert HevertRSU793—38,389
Justin EisfellerRSU1,455—70,040
Christopher LeBlancRSU1,455—70,040
Daniel HurstakRSU1,455—70,480
Justin EisfellerRSU1,750—84,777
Christopher LeBlancRSU1,750—84,777
Justin EisfellerRSU1,920—93,005
Christopher LeBlancRSU1,920—93,005
Robert HevertRSU3,030—146,773
Thomas Meissner Jr.RSU3,463—167,724
Daniel HurstakRSU3,658—177,169
Daniel HurstakRSU4,280—207,323
Robert HevertRSU5,583—270,416
Robert HevertRSU6,620—320,673
Thomas Meissner Jr.RSU10,230—495,541
Thomas Meissner Jr.RSU12,338—597,629
Thomas Meissner Jr.RSU14,280—691,723
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Mark H. CollinIndependent · Audit$104,500$114,981$0—$254,508$483,094
Michael B. GreenIndependent · Lead Independent Director · Audit · Executive · Nominating and Governance · Not standing for re-election122,000114,9810—1,096238,076
Justine VogelIndependent · Audit (Chair) · Executive106,000114,9810—1,096222,076
Winfield S. BrownIndependent · Compensation (Chair) · Executive · Nominating and Governance106,000114,9810—1,096222,076
David A. WhiteleyIndependent · Compensation · Executive · Nominating and Governance (Chair)106,000114,9810—1,096222,076
Anne L. AlonzoIndependent · Audit · Compensation94,000114,9810—1,096210,076
Neveen F. AwadIndependent · Compensation · Nominating and Governance94,000114,9810—1,096210,076
Suzanne FosterIndependent · Nominating and Governance94,000114,9810—1,096210,076
Jane Lewis-RaymondIndependent · Compensation87,000114,9810—1,096203,076
Katherine KountzeIndependent · Audit · Newly elected58,02976,6850—731135,445
Edward F. GodfreyAudit · Departed during FY47,00038,9250—36585,660
Thomas P. Meissner JrEmployee director · Board Chair · Executive000000

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$115,000
Per board meeting fee$2,000
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline$240,000

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,018,529
Equity awards (grant-date value)$1,150,439
All other compensation$264,372
Total cost of the board$2,433,340

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Unitil as a peer

Companies that benchmark against UTL

11 companies name UTL as a compensation peer

The list of companies that name UTL as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Unitil Corp names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Otter Tail Corporation2025Charles MacFarlane$867,578$3,149,276$0$1,471,194$6,792,688
2ONE Gas, Inc.2025Robert McAnnally925,0003,154,36101,300,0005,575,027
3Northwestern Corporation2025Brian Bird921,2632,700,0220743,4005,016,745
4Avista Corporation2025Heather Rosentrater786,8452,653,7430897,7324,773,308
5Chesapeake Utilities Corporation2025Jeffry Householder872,3852,420,56601,097,8634,531,322
6PNM Resources, Inc.2025Joseph Tarry839,4622,275,0110495,0583,903,948
7Allete, Inc.2024Bethany Owen871,1751,378,13801,329,6923,720,063
8Northwest Natural Gas Company2025Justin Palfreyman812,5001,726,2080726,4063,695,467
9MGE Energy, Inc.2025Jeffrey Keebler795,8331,402,8810865,9203,613,508
10Unitil Corp2025Thomas Meissner Jr.744,066751,8420662,5913,189,116
11Genie Energy, Ltd.2025Michael Stein450,0000001,371,250

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Unitil Corp137%PSU 50 · RSU 50NoWillis Towers
Allete, Inc.153.2%PSU 75 · RSU 25Yes — Relative TSRPearl Meyer
Avista Corporation114%not disclosedNoMeridian Compensation Partners
Chesapeake Utilities Corporationnot disclosedPSU 100not disclosedFW Cook
Genie Energy, Ltd.not disclosedRestricted Stock 100not disclosednot disclosed
MGE Energy, Inc.135.3%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)FW Cook
Northwest Natural Gas Company138.8%PSA 65 · RSU 35NoPay Governance
Northwestern Corporation80%PSU 70 · RSU 30Yes — TSR relative to peer groupWillis Towers Watson (WTW)
ONE Gas, Inc.140.6%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners
Otter Tail Corporationnot disclosednot disclosedYes — Three-Year TSR performance relative to peer groupWTW
PNM Resources, Inc.50%PSU 70 · RSU 30Yes — Relative TSR GoalPay Governance

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2913,722,103443,02387,12696.87%Passed
20252025-04-3011,582,1101,138,44168,40891.05%Passed
20242024-05-0112,118,280348,04197,46497.21%Passed
20232023-04-2611,825,693288,16468,04097.62%Passed
20222022-04-2711,521,781356,479108,61597%Passed
20212021-04-2810,090,821467,522150,44495.57%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-04-2996.87%a
20252025-04-3091.05%b
20242024-05-0197.21%c

a. Approved under the standard stated in the filing — “Therefore, abstentions and broker non-votes will have no effect on the other matters.”.

b. Approved under the standard stated in the filing — “Therefore, abstentions and broker non-votes will have no effect on the other matters.”.

c. Approved under the standard stated in the filing — “Therefore, abstentions and broker non-votes will have no effect on the other matters.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)21 : 1
CEO total compensation$3,189,116
Median employee compensation$153,766
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jane Lewis-RaymondDirector2026-10-01A2,272$0$0Derivative, Class A CommonForm 4 ↗
Winfield S. BrownDirector2026-10-01D2,27200Derivative, Class A CommonForm 4 ↗
Anne L. AlonzoDirector2026-10-01A2,27200Derivative, Class A CommonForm 4 ↗
Justine VogelDirector2026-10-01A2,27200CommonForm 4 ↗
Katherine KountzeDirector2026-10-01A2,27200CommonForm 4 ↗
David A. WhiteleyDirector2026-10-01A2,27200CommonForm 4 ↗
Suzanne FosterDirector2026-10-01A2,27200CommonForm 4 ↗
Neveen F. AwadDirector2026-10-01A2,27200Derivative, Class A CommonForm 4 ↗
Mark H. CollinDirector2026-10-01A2,27200CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (59 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Thomas Meissner Jr.. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 70. As printed: 3,189,116. View filing ↗
  • Section 01, Robert Hevert. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 1,614,866. View filing ↗
  • Section 01, Daniel Hurstak. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 998,997. View filing ↗
  • Section 01, Christopher LeBlanc. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table”. As printed: 863,281. View filing ↗
  • Section 01, Justin Eisfeller. DEF 14A, filed 2026-03-27. Section “SUMMARY COMPENSATION TABLE”. As printed: 782,885. View filing ↗
  • Section 03, Christopher LeBlanc PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Hurstak PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Hevert PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Justin Eisfeller PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Meissner Jr. PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Hurstak PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Hevert PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher LeBlanc PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Justin Eisfeller PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Meissner Jr. PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 21 : 1. View filing ↗
  • Section 08, Mark H. Collin. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 483,094. View filing ↗
  • Section 08, Michael B. Green. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 238,076. View filing ↗
  • Section 08, Justine Vogel. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 222,076. View filing ↗
  • Section 08, Winfield S. Brown. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 222,076. View filing ↗
  • Section 08, David A. Whiteley. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 222,076. View filing ↗
  • Section 08, Anne L. Alonzo. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 210,076. View filing ↗
  • Section 08, Neveen F. Awad. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 210,076. View filing ↗
  • Section 08, Suzanne Foster. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 210,076. View filing ↗
  • Section 08, Jane Lewis-Raymond. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 203,076. View filing ↗
  • Section 08, Katherine Kountze. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 135,445. View filing ↗
  • Section 08, Edward F. Godfrey. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 85,660. View filing ↗
  • Section 08, Thomas P. Meissner Jr. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Jane Lewis-Raymond 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Winfield S. Brown 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anne L. Alonzo 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Justine Vogel 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Katherine Kountze 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Whiteley 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Suzanne Foster 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Neveen F. Awad 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mark H. Collin 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-01. Item 5.07 · say-on-pay result. As reported: 96.87% (votes for as printed: 13,722,103). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-05. Item 5.07 · say-on-pay result. As reported: 91.05% (votes for as printed: 11,582,110.70). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-07. Item 5.07 · say-on-pay result. As reported: 97.21% (votes for as printed: 12,118,280.09). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,018,529 + equity 1,150,439 + all other 264,372 = 2,433,340, summed across the director compensation table rows.
  • Otter Tail Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-02. CEO total compensation as printed in Otter Tail Corporation's own proxy. As printed: 6,792,688. View filing ↗
  • ONE Gas, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in ONE Gas, Inc.'s own proxy. As printed: 5,575,027. View filing ↗
  • Northwestern Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Northwestern Corporation's own proxy. As printed: 5,016,745. View filing ↗
  • Avista Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Avista Corporation's own proxy. As printed: 4,773,308. View filing ↗
  • Chesapeake Utilities Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Chesapeake Utilities Corporation's own proxy. As printed: 4,531,322. View filing ↗
  • PNM Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in PNM Resources, Inc.'s own proxy. As printed: 3,903,948. View filing ↗
  • Allete, Inc., Section 10b CEO total. DEF 14A, filed 2025-03-31. CEO total compensation as printed in Allete, Inc.'s own proxy. As printed: 3,720,063. View filing ↗
  • Northwest Natural Gas Company, Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Northwest Natural Gas Company's own proxy. As printed: 3,695,467. View filing ↗
  • MGE Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in MGE Energy, Inc.'s own proxy. As printed: 3,613,508. View filing ↗
  • Unitil Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Unitil Corp's own proxy. As printed: 3,189,116. View filing ↗
  • Genie Energy, Ltd., Section 10b CEO total. DEF 14A, filed 2026-05-01. CEO total compensation as printed in Genie Energy, Ltd.'s own proxy. As printed: 1,371,250. View filing ↗
  • Section 10a, ALLETE, Inc. reciprocity. DEF 14A. ALLETE, Inc. names Unitil Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Chesapeake Utilities Corporation reciprocity. DEF 14A. Chesapeake Utilities Corporation names Unitil Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Northwest Natural Gas Company reciprocity. DEF 14A. Northwest Natural Gas Company names Unitil Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Otter Tail Corporation reciprocity. DEF 14A. Otter Tail Corporation names Unitil Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, MGE Energy, Inc. reciprocity. DEF 14A. MGE Energy, Inc. names Unitil Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
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