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UGI Corp consolidates four executive bonus plans into single program effective October 1

Four executive bonus programs at UGI Corporation and its subsidiaries will be replaced by a single consolidated plan, approved August 4, 2026, by the company's Compensation and Talent Development Committee. The new UGI Corporation Executive Short-Term Incentive Bonus Plan takes effect October 1, 2026, and covers all Section 16 officers designated by UGI's board of directors, along with senior employees at participating subsidiaries and affiliates selected by the committee. UGI Corporation (NYSE: UGI) disclosed the change in an 8-K current report filed with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

By Simone Attah2 min readUGI
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Key takeaways

  • UGI Corporation's Compensation and Talent Development Committee approved a single consolidated executive bonus plan on August 4, 2026, effective October 1, 2026.
  • The new UGI Corporation Executive Short-Term Incentive Bonus Plan replaces the UGI Corporation Executive Annual Bonus Plan, the AmeriGas Executive Annual Bonus Plan, the UGI Utilities Executive Annual Bonus Plan, and all other executive annual bonus plans across participating sub
  • The plan covers all Section 16 officers designated by UGI's board plus senior employees at participating subsidiaries and affiliates selected by the committee.
  • Participants earn bonuses as a percentage of base salary by meeting annual Performance Goals, satisfying service criteria, and clearing qualifying termination requirements where applicable.
  • UGI disclosed the change in an 8-K filed with the SEC, signed by Secretary Jessica A. Milner on August 10, 2026.

Four executive bonus programs at UGI Corporation and its subsidiaries will be replaced by a single consolidated plan, approved August 4, 2026, by the company's Compensation and Talent Development Committee. The new UGI Corporation Executive Short-Term Incentive Bonus Plan takes effect October 1, 2026, and covers all Section 16 officers designated by UGI's board of directors, along with senior employees at participating subsidiaries and affiliates selected by the committee. UGI Corporation (NYSE: UGI) disclosed the change in an 8-K current report filed with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What the new plan replaces

The approved Bonus Plan supersedes the UGI Corporation Executive Annual Bonus Plan, the AmeriGas Executive Annual Bonus Plan, the UGI Utilities Executive Annual Bonus Plan, and all other executive annual bonus plans and plan summary details in place across subsidiaries and affiliates that join the new structure. UGI refers to that collective as the Related Companies in the filing. No target payout percentages or individual award amounts are disclosed in the 8-K.

Earning requirements

Participants receive bonuses expressed as a percentage of base salary, according to the filing. To qualify for an annual payment, participants must meet annual Performance Goals as defined in the plan, satisfy service criteria, and, where applicable, clear qualifying termination requirements.

Qualifying termination events include retirement, disability, involuntary termination without cause, and a change in control, each defined within the plan document attached as Exhibit 10.1. Where a participant is separated involuntarily without cause, the UGI Corporation Executive Severance Plan governs annual bonus treatment rather than the new plan's default provisions.

Governance and administration

The Compensation and Talent Development Committee, a committee of UGI's board of directors, selects which senior employees of the Related Companies participate beyond the automatic Section 16 officer group. Every executive officer UGI's board designates under Section 16 of the Securities Exchange Act of 1934 is enrolled as a participant.

Jessica A. Milner, serving as Secretary of UGI Corporation, signed the 8-K on August 10, 2026. UGI is a Pennsylvania corporation with principal executive offices at 500 North Gulph Road, King of Prussia, Pa. 19406, and trades on the New York Stock Exchange.

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Frequently asked

When does the new bonus plan take effect?

The UGI Corporation Executive Short-Term Incentive Bonus Plan takes effect October 1, 2026, after being approved on August 4, 2026.

Which existing plans does the new program replace?

It supersedes the UGI Corporation Executive Annual Bonus Plan, the AmeriGas Executive Annual Bonus Plan, the UGI Utilities Executive Annual Bonus Plan, and all other executive annual bonus plans across participating subsidiaries and affiliates.

Are specific payout amounts or target percentages disclosed?

No, the 8-K does not disclose any target payout percentages or individual award amounts.

What happens to bonus treatment if a participant is involuntarily terminated without cause?

In that case, the UGI Corporation Executive Severance Plan governs annual bonus treatment rather than the new plan's default provisions.

Who administers the new plan and selects participants?

The Compensation and Talent Development Committee, a committee of UGI's board of directors, selects which senior employees participate beyond the automatically enrolled Section 16 officers.