Form 4: Ultra Clean Holdings Director Thomas Edman Acquires 8,198 Shares, Form 4 Filing Delayed by Technical Issue

Ultra Clean Holdings, Inc. Director Thomas T. Edman acquired 8,198 shares of common stock through a restricted stock unit grant, with the Form 4 filing being submitted late due to a technical issue.

Summary

• Ultra Clean Holdings, Inc. Director Thomas T. Edman acquired 8,198 shares of common stock on May 21, 2025.
• The acquisition was a grant of restricted stock units (RSUs) at a price of $0 per share, indicating equity compensation.
• Following this transaction, Mr. Edman directly beneficially owns 46,041 shares of common stock.
• The granted RSUs are scheduled to vest 100% on the earlier of the day before the next annual stockholder meeting or one year from the grant date.
• The Form 4 filing was submitted late due to a technical issue related to a change in the CIK Confirmation Code (CCC).

Sentiment

Score: 6

Explanation: The acquisition of shares by a director is generally positive as it aligns interests, but the late filing due to a technical issue introduces a minor negative administrative aspect, resulting in a slightly positive overall sentiment.

Positives

• Director Thomas T. Edman increased his direct beneficial ownership in Ultra Clean Holdings, Inc. by 8,198 shares, further aligning his interests with those of the company's shareholders.
• The acquisition, being a grant of restricted stock units, is a common form of equity compensation designed to incentivize long-term performance and retention of key personnel.

Negatives

• The Form 4 filing was submitted late, indicating a technical issue with the company's CIK Confirmation Code (CCC), which suggests a minor administrative inefficiency or compliance lapse.

Risks

• Operational risk related to administrative processes, as evidenced by the technical issue causing a late SEC filing, which could potentially lead to minor regulatory scrutiny.

Future Outlook

The acquired restricted stock units are scheduled to vest 100% on the earlier of the day before the next annual stockholder meeting or one year from the grant date, indicating future equity ownership for the director and a commitment to long-term alignment.

Management Comments

• "This Form 4 is being filed late due to a technical issue with a change to the CIK Confirmation Code (CCC)."

Industry Context

This Form 4 filing details an individual director's equity compensation and ownership changes, which is a routine disclosure for publicly traded companies across all industries and does not directly reflect broader industry trends, though equity grants are a common compensation practice to align management with shareholder interests.

Related Party Transactions

• The grant of 8,198 restricted stock units to Director Thomas T. Edman at a price of $0 is a related party transaction, representing equity compensation from the company to a board member.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to increased equity ownership.
• Management/Employees: The RSU grant is a form of compensation, potentially impacting morale and retention for the director.

Next Steps

• The restricted stock units granted to Thomas T. Edman will vest 100% on the earlier of the day before the next annual stockholder meeting or one year from the grant date.

Key Dates

Recommendation

Keywords

Ultra Clean Holdings, UCTT, SEC Form 4, Insider Trading, Stock Acquisition, Restricted Stock Units, Director Compensation, Thomas T. Edman, Corporate Governance