Form 4: Ultra Clean Holdings Executive Jamie J. Palfrey Reports Stock Transaction
SEC Form 4 Filing
Jamie J. Palfrey, SVP of Global Human Resources at Ultra Clean Holdings, reports the disposal of 587 shares of common stock to cover tax obligations from vested restricted stock units.
Summary
- On October 31, 2024, Jamie J. Palfrey, SVP of Global Human Resources at Ultra Clean Holdings, Inc. (UCTT), disposed of 587 shares of common stock.
- The transaction was executed to cover tax liabilities arising from the vesting of restricted stock unit awards.
- The shares were disposed of at a price of $33.45 per share.
- Following the transaction, Palfrey directly owns 23,106 shares of Ultra Clean Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction, which is neutral in sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and tax planning. Form 4 filings are a standard part of regulatory compliance.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of stock transaction (disposal of shares). |
| 11/04/2024 | Date of signature for the Form 4 filing. |
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