Form 4: Ultra Clean Holdings Executive Paul Yoonku Cho Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Paul Yoonku Cho, General Counsel and Secretary of Ultra Clean Holdings, reports disposing of shares to cover tax liabilities arising from vested restricted stock units.
Summary
- On April 30, 2024, Paul Yoonku Cho, the General Counsel and Secretary of Ultra Clean Holdings, Inc. (UCTT), disposed of shares of common stock to cover tax obligations.
- A total of 3,183 shares were disposed of at a price of $41.83 per share.
- These disposals were related to the settlement of restricted stock unit awards that vested.
- Following these transactions, Cho directly owns 20,615 shares of Ultra Clean Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The disposal of shares by an insider could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock disposal transactions |
| 05/02/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.