Form 4: Ultra Clean Holdings CAO Reports Stock Tax Withholding
Statement of Changes in Beneficial Ownership
Chief Accounting Officer Brian E. Harding reported the automatic withholding of 7,606 shares to cover tax liabilities from vested restricted stock units.
Summary
- Brian E. Harding, Chief Accounting Officer of Ultra Clean Holdings, Inc. (UCTT), executed a transaction on April 30, 2026.
- A total of 7,606 shares of common stock were withheld by the company to satisfy tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $78.15 per share.
- Following these transactions, the reporting person maintains a direct beneficial ownership of 40,631 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a mandatory administrative action related to tax compliance rather than a discretionary market move.
Positives
- The transaction reflects the vesting of equity-based compensation, which aligns the interests of the executive with shareholders.
Negatives
- The transaction represents a reduction in the reporting person's direct share ownership, though it was for tax purposes rather than a discretionary sale.
Risks
- None identified; this is a routine administrative transaction related to tax withholding.
Future Outlook
Not applicable; this is a retrospective disclosure of a completed transaction.
Industry Context
StockSavvy.ai notes that routine tax withholding transactions by executives are standard corporate practice and do not typically signal a change in management sentiment regarding the company's future performance.
Comparison to Industry Standards
- The use of automatic share withholding to satisfy tax obligations upon the vesting of restricted stock units is a standard practice among publicly traded technology and semiconductor equipment companies.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a routine tax settlement.
Key Dates
| Date | Description |
|---|---|
| 04/30/2026 | Date of the reported stock withholding transactions. |
| 05/04/2026 | Date the Form 4 was signed and filed. |
Keywords
Ultra Clean Holdings, UCTT, Form 4, Insider Trading, Tax Withholding, Equity Compensation
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