UWMC.NYSEUwm Holdings CORP

Form 4: UWM Holdings Corp EVP, CFO and CAO Andrew Hubacker Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4

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Andrew Hubacker, EVP, CFO and CAO of UWM Holdings Corp, reports the settlement of Restricted Stock Units (RSUs) and shares withheld for tax obligations.

Summary

  • On March 1, 2024, Andrew Hubacker, EVP, CFO and CAO of UWM Holdings Corp, reported changes in beneficial ownership.
  • 7,844 Restricted Stock Units (RSUs) were settled for an equal number of Class A Common Stock.
  • 2,283 shares were withheld by the company to meet minimum withholding obligations at a price of $6.57 per share.
  • Following these transactions, Hubacker directly owns 28,395 shares of Class A Common Stock.
  • Hubacker also holds 11,250 RSUs vesting in installments on September 1, 2024, September 1, 2025 and September 1, 2026.
  • An additional 5,738 RSUs vest on March 1, 2025.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The document outlines the vesting schedule for Hubacker's remaining Restricted Stock Units (RSUs).

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company executives.

Stakeholder Impact

  • The disclosure provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

DateDescription
03/01/2024Date of earliest transaction: Settlement of RSUs and tax withholding.
03/02/20247,844 RSUs vested.
03/05/2024Date of signature for the Form 4 filing.
09/01/20243,750 RSUs vest.
03/01/20255,738 RSUs vest.
09/01/20253,750 RSUs vest.
09/01/20263,750 RSUs vest.

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