Form 4: Ubiquiti Inc. Executive Kevin Radigan Reports Stock Transactions
SEC Form 4 Filing
Kevin Radigan, Chief Accounting Officer of Ubiquiti Inc., reports the vesting of restricted stock units and related tax withholdings.
Summary
- On July 1, 2024, Kevin Radigan, the Chief Accounting Officer of Ubiquiti Inc., engaged in transactions involving Ubiquiti Inc. common stock.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- Radigan acquired shares through the vesting of RSUs and disposed of shares to satisfy tax requirements.
- Following these transactions, Radigan directly owns 3,484 shares of Ubiquiti Inc. common stock.
- Future vesting of RSUs is scheduled for July 1, 2025, July 1, 2026 and July 1, 2027.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
Future vesting of RSUs is scheduled for July 1, 2025, July 1, 2026 and July 1, 2027.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transactions: vesting of RSUs and tax withholding |
| 07/01/2025 | Vesting date for 159 RSUs |
| 07/01/2026 | Vesting date for 407 RSUs |
| 07/01/2027 | Vesting date for 284 RSUs |
| 07/03/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.