Form 4: Ulta Beauty Director Mike C. Smith Receives Restricted Stock Units
SEC Form 4 Filing
Director Mike C. Smith of Ulta Beauty, Inc. was granted 452 restricted stock units on June 11, 2024, which will vest on June 11, 2025.
Summary
- Mike C. Smith, a director of Ulta Beauty, Inc., received 452 restricted stock units on June 11, 2024.
- These restricted stock units will vest 100% on June 11, 2025.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It doesn't inherently suggest positive or negative sentiment, but reflects ongoing alignment of director interests with shareholders.
Positives
- The grant of restricted stock units aligns the director's interests with those of the shareholders.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.
Stakeholder Impact
- The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | Date of transaction: Grant of 452 restricted stock units. |
| 06/11/2025 | Vesting date of the restricted stock units. |
| 06/12/2024 | Date of Form 4 filing. |
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