Form 4: Ultra Clean Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey L. McKibben, Chief Information Officer of Ultra Clean Holdings, sold shares to cover tax liabilities arising from vested restricted stock units.
Summary
- On August 31, 2024, Jeffrey L. McKibben, the Chief Information Officer of Ultra Clean Holdings, Inc., disposed of 1,898 shares of common stock.
- The shares were sold at a price of $37.7 per share.
- This transaction was to cover tax liabilities resulting from the vesting of restricted stock unit awards.
- Following the transaction, McKibben directly owns 22,227 shares of Ultra Clean Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to tax obligations or portfolio diversification. Monitoring these transactions can provide insights into management's perspective on the company's value.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | Date of transaction: Jeffrey L. McKibben disposed of shares. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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