Form 4: Ultra Clean Holdings Executive Sells Shares to Cover Restricted Stock Vesting
SEC Form 4
Christopher S. Cook, President of Products Division at Ultra Clean Holdings, sold 4,662 shares of common stock on November 14, 2023, to cover the vesting and settlement of restricted stock units.
Summary
- On November 14, 2023, Christopher S. Cook, President of Products Division at Ultra Clean Holdings, sold 4,662 shares of common stock.
- The sale was executed at a price of $26.68 per share.
- The transaction was related to the vesting and settlement of restricted stock units.
- Following the transaction, Cook directly owns 32,915 shares of Ultra Clean Holdings.
- The filing was delayed due to an administrative oversight.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing related to an insider transaction. The sentiment is neutral as it simply reports a sale of shares.
Negatives
- The filing of this transaction was delayed due to an administrative oversight.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations related to the vesting of restricted stock units.
Stakeholder Impact
- The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 11/14/2023 | Date of stock sale transaction |
| 04/15/2024 | Date of signature on the Form 4 filing |
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