Form 4: Ultra Clean Holdings' Chief Information Officer Reports Acquisition of Restricted Stock Units

Jeffrey L. McKibben, Chief Information Officer of Ultra Clean Holdings, reports the acquisition of 8,068 restricted stock units.

Summary

• On April 26, 2024, Jeffrey L. McKibben, the Chief Information Officer of Ultra Clean Holdings, Inc. (UCTT), acquired 8,068 shares of common stock in the form of restricted stock units.
• The restricted stock units vest over three years, with equal parts vesting annually starting on April 26, 2024.
• Following the transaction, McKibben directly owns 32,353 shares of Ultra Clean Holdings, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units by a key executive is generally seen as a positive sign, indicating confidence in the company's future performance. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the Chief Information Officer.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it demonstrates alignment between management and shareholder interests.

Key Dates