Form 4: Upland Software CEO John T. McDonald Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Upland Software's CEO, John T. McDonald, reports the withholding of 17,834 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 16, 2024, John T. McDonald, CEO of Upland Software, Inc., had 17,834 shares of common stock withheld by the issuer to cover tax obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $2.63.
- Following the transaction, Mr. McDonald directly owns 1,844,584 shares of Upland Software common stock.
- Mr. 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: This is a neutral report on a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of the stock transaction (tax withholding) |
| 06/17/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.