Form 4: Ultra Clean Holdings CFO Sheri Savage Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Sheri Savage, CFO of Ultra Clean Holdings, reports the acquisition of 17,289 restricted stock units on April 26, 2024.
Summary
- On April 26, 2024, Sheri Savage, the CFO of Ultra Clean Holdings, acquired 17,289 shares of common stock.
- These shares were acquired as restricted stock units.
- Following the transaction, Savage directly owns 98,491 shares of Ultra Clean Holdings.
- The restricted stock units vest over three years, with equal parts vesting annually starting April 26, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation.
Positives
- The acquisition of restricted stock units by the CFO could be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This type of stock grant is a common practice in the technology industry to incentivize and retain key executives.
Stakeholder Impact
- The acquisition of restricted stock units by the CFO aligns her interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of transaction and vesting commencement for restricted stock units |
| 04/30/2024 | Date of signature on the Form 4 filing |
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