Form 4: Universal Logistics Holdings CEO Acquires Restricted Stock
SEC Form 4
Timothy Phillips, CEO of Universal Logistics Holdings, acquires 5,887 shares of restricted common stock on February 10, 2025, at a price of $29.73 per share.
Summary
- On February 10, 2025, Timothy Phillips, the CEO of Universal Logistics Holdings, Inc., acquired 5,887 shares of restricted common stock.
- The acquisition price was $29.73 per share.
- These shares vest in four equal installments on March 15 of 2026, 2027, 2028, and 2029, contingent upon continued employment.
- Following the transaction, Phillips directly owns 97,276 shares of Universal Logistics Holdings, Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock by the CEO is a common practice and generally viewed as a positive sign of alignment with shareholder interests. There are no explicitly negative aspects mentioned in the document.
Positives
- The CEO's acquisition of restricted stock aligns his interests with the long-term performance of the company.
- The vesting schedule encourages continued employment and commitment from the CEO.
Risks
- The vesting of the restricted stock is contingent upon continued employment, creating a potential risk if the CEO were to leave the company before the vesting is complete.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock suggests an expectation of continued employment for the CEO through March 2029.
Industry Context
Stock grants to executives are a common practice in the logistics industry to incentivize performance and align management interests with shareholders.
Stakeholder Impact
- Shareholders may view the CEO's stock acquisition positively, as it aligns his interests with the company's long-term success.
- Employees may see this as a sign of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of transaction: CEO acquired restricted common stock. |
| 02/11/2025 | Date of signature on the Form 4 filing. |
| 03/15/2026 | First vesting date for 25% of the restricted stock. |
| 03/15/2027 | Second vesting date for 25% of the restricted stock. |
| 03/15/2028 | Third vesting date for 25% of the restricted stock. |
| 03/15/2029 | Final vesting date for 25% of the restricted stock. |
Keywords
restricted stock, CEO, Universal Logistics Holdings, ULH, Timothy Phillips, stock acquisition, beneficial ownership, Form 4
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