Form 4: Ultra Clean Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Christopher S. Cook, President of Products Division at Ultra Clean Holdings, sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On April 30, 2024, Christopher S. Cook, President of Products Division at Ultra Clean Holdings, Inc. (UCTT), disposed of shares of common stock to cover tax obligations.
- A total of 4,761 shares were disposed of in two separate transactions, both at a price of $41.83 per share.
- These transactions were related to the automatic withholding of shares for payment of tax liability resulting from the partial settlement of vested restricted stock units.
- Following the reported transactions, Cook beneficially owns 43,714 shares of Ultra Clean Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and does not necessarily reflect a positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock sales for tax purposes are a common occurrence, particularly when restricted stock units vest. This filing provides transparency into such transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of stock disposal for tax liability. |
| 05/02/2024 | Date of signature for 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.