Form 4: Ulta Beauty CEO Kecia Steelman Reports Stock Transactions Following Vesting of Restricted Share Units
SEC Form 4 Filing
Ulta Beauty's CEO, Kecia Steelman, reports the acquisition and disposal of common stock related to the vesting of performance-based restricted share units.
Summary
- Kecia Steelman, President and CEO of Ulta Beauty, filed a Form 4 on March 18, 2025, reporting changes in beneficial ownership of Ulta Beauty, Inc. stock.
- On March 15, 2025, 8,842 performance-based restricted share units vested, converting into common stock.
- The vesting was contingent upon meeting certain performance goals and a time-based service vesting restriction, which the company's compensation committee certified as satisfied on March 15, 2025.
- Steelman acquired 8,842 shares of common stock upon vesting of these units.
- Simultaneously, 3,864 shares were withheld by Ulta Beauty to cover tax obligations at a price of $357.48 per share.
- An additional 1,546 shares were withheld by the issuer to satisfy applicable tax withholding obligations in connection with the vesting of restricted stock grants previously reported at a price of $357.48 per share.
- Following these transactions, Steelman directly owns 15,552 shares of Ulta Beauty common stock.
Sentiment
Score: 5
Explanation: This is a neutral, routine filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of executive incentives with company performance.
Stakeholder Impact
- The vesting of restricted stock units aligns executive interests with shareholder value.
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Date of award of performance-based restricted share units under the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan. |
| 03/15/2025 | Date of earliest transaction, vesting of performance-based restricted share units, and certification of performance goal satisfaction. |
| 03/18/2025 | Date of Form 4 filing. |
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