Form 4: Upland Software CFO Michael Hill Reports Stock Transaction
SEC Form 4 Filing
Michael Hill, CFO & Treasurer of Upland Software, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 16, 2024, Michael Hill, CFO & Treasurer of Upland Software, reported a transaction involving common stock.
- 11,070 shares were withheld by the issuer to satisfy tax obligations related to the vesting of restricted stock units at a price of $2.24.
- Following the transaction, Hill directly owns 316,105 shares and indirectly owns 160,042 shares held by the MDH Trust.
- Hill is the trustee of the MDH Trust, which holds shares for the benefit of his family.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard tax withholding procedure. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock units, which is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of stock transaction (shares withheld for tax obligations). |
| 09/17/2024 | Date of signature for the Form 4 filing. |
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