Form 4: Ulta Beauty CEO David Kimbell Reports Stock Transactions

Ulta Beauty's CEO, David Kimbell, reported the withholding of shares to cover tax obligations related to vesting restricted stock grants.

Summary

• David C. Kimbell, CEO of Ulta Beauty, reported changes in beneficial ownership of Ulta Beauty, Inc. stock on March 15, 2024.
• The transactions involved the withholding of shares by the issuer to satisfy tax obligations related to the vesting of restricted stock grants.
• 1,097 shares were withheld to cover taxes on restricted stock grants at a price of $535.98 per share, resulting in Kimbell holding 48,099 shares.
• Additionally, 6,030 shares were withheld to cover taxes on performance-based restricted stock grants at the same price, leaving Kimbell with 42,069 shares.
• The report was filed on March 19, 2024.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to tax obligations, with no inherent positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted stock awards and the subsequent withholding of shares to cover tax liabilities, a common practice.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to internal stock management for tax purposes.

Key Dates