Form 4: Ultra Clean Holdings CEO James Scholhamer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
James Scholhamer, CEO of Ultra Clean Holdings, sold shares of common stock on April 30, 2024, to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On April 30, 2024, James P. Scholhamer, CEO of Ultra Clean Holdings, Inc. (UCTT), disposed of shares of common stock to cover tax obligations.
- A total of 19,075 shares were disposed of in three separate transactions, all at a price of $41.83 per share.
- These transactions were related to the automatic withholding of shares for payment of tax liability resulting from the partial settlement of vested restricted stock units.
- Following these transactions, Scholhamer directly owns 445,061 shares of Ultra Clean Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and does not necessarily reflect a change in sentiment towards the company's prospects.
Industry Context
Executive stock transactions are a common occurrence, often related to compensation and tax planning. The sale of shares to cover tax obligations upon vesting of restricted stock units is a typical practice.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is likely viewed as a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of the stock disposal transactions to cover tax liabilities. |
| 05/02/2024 | Date of signature for the SEC Form 4 filing. |
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