Form 4: Universal Logistics CFO Jude Beres Acquires Shares Through Restricted Stock Grant

Jude Marcus Beres, CFO of Universal Logistics Holdings, Inc., acquired 7,521 shares of common stock through a restricted stock grant on February 10, 2025.

Summary

• On February 10, 2025, Jude Marcus Beres, the Chief Financial Officer of Universal Logistics Holdings, Inc. (ULH), acquired 7,521 shares of the company's common stock.
• The acquisition was made through a restricted stock grant at a price of $29.73 per share, which was the closing price of ULH's common stock on that day.
• These shares will vest in four equal installments of 25% on each March 15 in 2026, 2027, 2028 and 2029, contingent upon continued employment with Universal Logistics Holdings, Inc.
• The vesting of these shares may be accelerated by the Compensation and Stock Option Committee.
• Following the reported transaction, Beres directly owns 36,185 shares of Universal Logistics Holdings, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The CFO acquiring shares indicates confidence, but it's a routine transaction.

Positives

• The acquisition of shares by a key executive like the CFO can be seen as a positive signal, indicating confidence in the company's future performance.
• The vesting schedule incentivizes the CFO to remain with the company for the long term.

Risks

• The vesting of the restricted stock is contingent upon continued employment, creating a potential risk if the CFO were to leave the company before the vesting dates.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule implies an expectation of continued employment and contribution from the CFO.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. Restricted stock grants are a typical component of executive compensation packages.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock grants, are common across the logistics industry.
• Companies like XPO Logistics, C.H. Robinson, and J.B. Hunt also utilize stock-based compensation to incentivize their executives.
• The vesting schedules and grant sizes are generally benchmarked against peer companies to ensure competitiveness and alignment with performance goals.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders by aligning the CFO's interests with theirs.
• The vesting schedule incentivizes the CFO to remain with the company, benefiting employees and other stakeholders.

Key Dates