Form 4: Matthew Moroun Reports Acquisition of Universal Logistics Holdings Stock as Part of Director Retainer

Matthew Moroun, a director and 10% owner of Universal Logistics Holdings, reported acquiring 331 shares of common stock as part of his annual retainer for non-employee directors.

Summary

• Matthew Moroun, a director and 10% owner of Universal Logistics Holdings, filed a Form 4 detailing changes in beneficial ownership.
• On May 6, 2024, Moroun acquired 331 shares of Universal Logistics Holdings common stock at a price of $45.22 per share as part of his annual retainer for non-employee directors.
• Following the transaction, Moroun's directly held shares increased by 331.
• Moroun also indirectly owns shares through various trusts and entities, including the 2020 Nora Moroun Trust (3,871,527 shares), spouse (285,550 shares), the 2020 Lindsay Moroun Trust (11,866,015 shares), Redoubtable LLC (236,917 shares), the 2020 Agnes Anne Moroun Trust (24,402 shares), and the Swiftsure Trust (3,200,000 shares).
• Moroun disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's stock acquisition as part of their compensation. It doesn't inherently suggest positive or negative implications for the company's performance.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares acquired by a director.

Key Dates