Form 4: Universal Technical Institute CEO Alan Grant's Stock Transaction

Universal Technical Institute's CEO, Alan Grant, had 42,345 shares withheld for taxes upon vesting of restricted stock units.

Summary

• On December 10, 2024, Universal Technical Institute's CEO, Jerome Alan Grant, had 42,345 shares of common stock withheld.
• This withholding was related to the vesting of previously granted restricted stock units (RSUs).
• The total reported in Column 5 includes the withholding of 42,345 shares, 207,401 previously reported RSUs, and 136,443 shares of common stock.

Sentiment

Score: 7

Explanation: The document describes a routine stock transaction related to executive compensation, which is neither positive nor negative in itself. It is a normal part of the company's operations.

Industry Context

This type of stock transaction is common for executives who receive stock-based compensation, and the withholding is a standard practice for tax purposes.

Comparison to Industry Standards

• Stock-based compensation is a common practice across publicly traded companies, particularly for executive roles.
• The vesting of restricted stock units and subsequent tax withholding is a standard procedure.
• Companies like Adtalem Global Education and Career Education Corporation also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is related to executive compensation and does not represent a significant change in the company's financial position.

Key Dates

Keywords

stock withholding, restricted stock units, RSUs, executive compensation, stock transaction, Universal Technical Institute, UTI, Alan Grant