Form 4: Universal Technical Institute CEO Acquires 67,295 Shares Through Restricted Stock Units
SEC Form 4 Filing
Universal Technical Institute's CEO, Jerome Alan Grant, acquired 67,295 shares of common stock through restricted stock units that vest starting December 15, 2025.
Summary
- Jerome Alan Grant, the CEO of Universal Technical Institute, acquired 67,295 shares of common stock.
- The acquisition was made through restricted stock units (RSUs).
- These RSUs will vest in three equal installments, beginning on December 15, 2025.
- Each RSU represents the right to receive one share of Universal Technical Institute's common stock.
- Following this transaction, Mr. Grant now beneficially owns 368,794 shares of the company's common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine insider transaction, which is generally positive as it shows the CEO's alignment with the company's success. However, it's not a major event that would significantly impact the stock price.
Positives
- The CEO's acquisition of shares through RSUs demonstrates confidence in the company's future performance.
- The vesting schedule of the RSUs aligns the CEO's interests with the long-term success of the company.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It is a routine disclosure and does not indicate any specific industry trend.
Comparison to Industry Standards
- This type of transaction is common among publicly traded companies as part of executive compensation packages.
- Many companies use restricted stock units to align executive interests with shareholder value.
- The vesting schedule is typical for such grants, often spanning multiple years to encourage long-term performance.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment as it indicates the CEO's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date of the transaction where the CEO acquired restricted stock units. |
| 12/15/2025 | Start date for the vesting of the restricted stock units in three equal installments. |
| 12/16/2024 | Date the form was signed by the attorney-in-fact. |
Keywords
restricted stock units, RSU, insider trading, beneficial ownership, common stock, executive compensation, UTI, Universal Technical Institute, Jerome Alan Grant
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