Vanguard Group's Updated Ownership in UGI Corp

The Vanguard Group has filed an amended Schedule 13G/A with the SEC, reporting its updated ownership in UGI Corp. As of September 30, 2025, Vanguard holds 24,285,661 shares of UGI Corp's common stock, representing 11.29% ownership. This marks a decrease of 2,042,746 shares from its previous filing, reflecting a 7.76% reduction in shares held. The filing indicates that Vanguard has sole dispositive power over 22,758,297 shares and shared dispositive power over 1,527,364 shares. The shares are held on behalf of Vanguard's clients, including investment companies and managed accounts, with no single client owning more than 5% of the shares. The filing certifies that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control of UGI Corp.