Form 4: Universal Technical Institute Director Loretta Sanchez Sells Shares
SEC Form 4 Filing
Director Loretta Sanchez sold 6,288 shares of Universal Technical Institute Inc. on May 24, 2024, at a price of $15.22 per share.
Summary
- Loretta Sanchez, a director of Universal Technical Institute Inc. (UTI), sold 6,288 shares of common stock on May 24, 2024.
- The sale price was $15.22 per share.
- Following the transaction, Sanchez directly owns 13,712 shares of UTI.
- The transaction was reported on a Form 4 filed with the Securities and Exchange Commission (SEC) on May 29, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of stock sale transaction |
| 05/29/2024 | Date of Form 4 filing |
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