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 June 16, 2024, Michael Hill, CFO & Treasurer of Upland Software, Inc., reported a transaction involving common stock.
- 11,070 shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $2.63.
- Following the transaction, Hill directly owns 327,175 shares of common stock.
- Hill also indirectly owns 160,042 shares held by the MDH Trust, for which he serves as trustee.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to tax obligations on vested stock.
Key Dates
| Date | Description |
|---|---|
| 06/16/2024 | Date of stock transaction (tax withholding) |
| 06/17/2024 | Date of signature for the report |
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