Form 4: UTI Executive Sells Shares for Tax Obligations
Insider Transaction Report
Universal Technical Institute's EVP, Chief Academic Officer, Sherrell Smith, disposed of 1,321 shares of common stock to cover tax withholding on vested restricted stock units.
Summary
- Sherrell Smith, EVP, Chief Academic Officer of Universal Technical Institute Inc. (UTI), reported a transaction involving the company's common stock.
- On December 17, 2025, Smith disposed of 1,321 shares of common stock at a price of $26.06 per share.
- This disposal was identified as an 'F' transaction code, indicating shares withheld by the issuer to satisfy tax-withholding obligations.
- The shares were withheld upon the vesting of restricted stock units that were granted on December 9, 2024.
- Following this transaction, Sherrell Smith beneficially owns 159,375 shares of Universal Technical Institute Inc. common stock directly.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to executive compensation, not indicative of management's confidence or lack thereof in the company's future.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies with equity compensation plans. It does not reflect specific industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in the executive's view of the company's prospects.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 12/09/2024 | Date restricted stock units were granted to Sherrell Smith. |
| 12/17/2025 | Date of transaction where shares were disposed for tax withholding. |
| 12/19/2025 | Date the Form 4 was filed. |
Keywords
Universal Technical Institute, UTI, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Tax Withholding, Share Disposal
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