Form 4: Ulta Beauty Executive Jodi Caro Reports Share Transactions
SEC Form 4 Filing
Jodi Caro, GC, Chief Risk & Compl. Ofc. of Ulta Beauty, reports acquisition and disposal of common stock related to vesting of restricted share units and tax withholding.
Summary
- On March 15, 2025, Jodi Caro, GC, Chief Risk & Compl. Ofc. of Ulta Beauty, acquired 2,354 shares of common stock upon the vesting of performance-based restricted share units.
- The vesting was contingent upon meeting certain performance goals and a time-based service vesting restriction, which were certified by the company's compensation committee on the same date.
- Simultaneously, 1,043 shares were disposed of at $357.48 to cover tax withholding obligations related to the vesting of performance-based restricted stock grants.
- An additional 480 shares were disposed of at $357.48 to cover tax withholding obligations related to the vesting of restricted stock grants.
- Following these transactions, Caro directly owns 7,632 shares of Ulta Beauty common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Positives
- The vesting of performance-based restricted share units indicates that performance goals were met, which is a positive sign for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
- Similar filings are made by executives at comparable companies like Sephora (privately held by LVMH), Estée Lauder, and L'Oréal when they trade their company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Performance-based restricted share units were awarded under the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan. |
| 03/15/2025 | Date of earliest transaction, vesting of restricted share units, and tax withholding. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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