Form 4: Unisys CEO Peter Altabef Reports Acquisition of Shares Through Performance-Based Restricted Stock Units
SEC Form 4 Filing
Peter Altabef, CEO of Unisys Corp, reports acquiring shares of common stock through performance-based restricted stock units (PB-RSUs) related to the 2024 performance period.
Summary
- Peter Altabef, the CEO of Unisys Corporation, filed a Form 4 on February 13, 2025, reporting changes in beneficial ownership of Unisys Corp [UIS] stock.
- The report indicates that Altabef acquired 39,530 shares of common stock on February 11, 2025, related to performance-based restricted stock units (PB-RSUs) granted on February 28, 2023, under the 2023 Long-Term Incentive and Equity Compensation Plan.
- Additionally, Altabef acquired 81,790 shares of common stock on the same date, linked to PB-RSUs granted on February 26, 2024, under the same plan.
- Following these transactions, Altabef's total direct ownership of Unisys common stock increased to 1,510,150 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing related to executive compensation. The acquisition of shares suggests confidence, but it's part of a pre-existing compensation plan.
Positives
- The acquisition of shares by the CEO could be interpreted as a positive signal, indicating confidence in the company's performance and future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the alignment of executive incentives with company performance through equity-based compensation.
Stakeholder Impact
- The increased stock ownership by the CEO could positively influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| February 28, 2023 | Date of grant for PB-RSUs related to the acquisition of 39,530 shares. |
| February 26, 2024 | Date of grant for PB-RSUs related to the acquisition of 81,790 shares. |
| February 11, 2025 | Date of transaction for the acquisition of 39,530 and 81,790 shares. |
| February 13, 2025 | Date of filing of the Form 4. |
Keywords
Form 4, beneficial ownership, Unisys, Peter Altabef, CEO, UIS, performance-based restricted stock units, PB-RSUs, equity compensation
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.