Form 4: Ultra Clean Holdings Executive Jamie J. Palfrey Reports Stock Disposals for Tax Obligations

Jamie J. Palfrey, SVP of Global Human Resources at Ultra Clean Holdings, Inc., reported the disposal of common stock to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On April 30, 2024, Jamie J. Palfrey, SVP of Global Human Resources at Ultra Clean Holdings, Inc., disposed of 666 shares of common stock at a price of $41.83.
• Additionally, on the same day, Palfrey disposed of 969 shares of common stock, also at $41.83.
• These transactions were executed to cover tax liabilities resulting from the vesting of restricted stock unit awards.
• Following these transactions, Palfrey beneficially owns 29,581 shares of Ultra Clean Holdings, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposal is unlikely to have a significant impact on shareholders as it is related to tax obligations and does not necessarily reflect a change in the executive's confidence in the company.

Key Dates