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 a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units.

Summary

  • On March 16, 2024, Upland Software CEO John T. McDonald reported a change in beneficial ownership of the company's common stock.
  • The transaction involved the withholding of 19,330 shares by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $4.21 per share.
  • Following the transaction, McDonald directly owns 1,862,418 shares of common stock.
  • McDonald also indirectly owns 263,738 shares through National Financial Services as Cust FBO J. McDonald RRA.
  • The reported holdings do 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 transactions for tax purposes, indicating a neutral sentiment.

Industry Context

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

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves the withholding of shares for tax obligations, which is a normal part of executive compensation.

Key Dates

DateDescription
03/16/2024Date of the transaction involving the withholding of shares for tax obligations.
03/19/2024Date of signature for the Form 4 filing.

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