Form 4: Upland Software CFO Michael Hill Reports Tax-Related 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 March 16, 2025, Michael Hill, CFO & Treasurer of Upland Software, reported a transaction involving common stock.
- 12,653 shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $3.1.
- Following the transaction, Hill directly owns 362,382 shares of common stock.
- Hill also indirectly owns 160,042 shares held by the MDH Trust, for which he serves as trustee.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither positive nor negative from an investment perspective.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is a common practice for companies to withhold shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/16/2025 | Date of stock transaction (tax withholding) |
| 03/17/2025 | Date of signature for the report |
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