Form 4: Ultra Clean Holdings CFO Sheri Savage Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Sheri Savage, CFO of Ultra Clean Holdings, reported the disposal of common stock to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On April 30, 2024, Sheri Savage, CFO of Ultra Clean Holdings, disposed of shares of common stock to cover tax obligations.
- A total of 8,128 shares were disposed of at a price of $41.83 per share.
- Following these transactions, Savage directly owns 90,363 shares of Ultra Clean Holdings common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common.
Stakeholder Impact
- The disposal of shares by the CFO could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock disposal transactions |
| 05/02/2024 | Date of signature on the Form 4 filing |
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