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 the vesting of restricted stock units.
Summary
- On April 30, 2024, Jeffrey L. McKibben, the Chief Information Officer of Ultra Clean Holdings, Inc., disposed of shares of common stock to cover tax obligations.
- A total of 2,282 shares were disposed of at a price of $41.83 per share.
- These transactions were related to the settlement of restricted stock units.
- Following the transactions, McKibben directly owns 30,071 shares of Ultra Clean Holdings, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine tax-related stock sales by an executive.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to equity compensation. Such filings are common and provide transparency into executive stock ownership.
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 the stock disposal transaction. |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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