UPLD.NASDAQUpland Software, INC

Form 4: Upland Software CEO John T. McDonald Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Upland Software's CEO, John T. McDonald, reports changes in beneficial ownership due to tax withholding obligations and holdings in a trust.

Summary

  • John T. McDonald, CEO of Upland Software, filed a Form 4 to report changes in his beneficial ownership of the company's stock.
  • On September 16, 2024, 17,833 shares of common stock were withheld by Upland Software to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $2.24 per share.
  • Following the transaction, McDonald directly owns 1,826,751 shares of Upland Software common stock.
  • McDonald also indirectly owns 363,738 shares through National Financial Services as Cust FBO J. McDonald RRA.
  • The reported direct ownership does not include 125,000 shares held in a trust for the benefit of Mr. McDonald's children, for which The Bryn Mawr Trust Company of Delaware is the trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership changes, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive stock ownership.
  • The tax withholding impacts the CEO's net shareholding.

Key Dates

DateDescription
09/16/2024Date of transaction where shares were withheld for tax obligations.
09/17/2024Date of signature for the Form 4 filing.

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