Form 4: UWM Holdings Corp. Executive Andrew Hubacker Reports Changes in Beneficial Ownership

Andrew Hubacker, EVP, CFO, and CAO of UWM Holdings Corp., reports transactions involving Class A Common Stock and Restricted Stock Units.

Summary

• On September 1, 2024, Andrew Hubacker engaged in transactions involving Class A Common Stock.
• He acquired 3,750 shares of Class A Common Stock at $0 and disposed of 1,092 shares at $9.4 for tax obligations.
• Following these transactions, Hubacker directly owns 31,053 shares of Class A Common Stock.
• He also holds 329,309 Restricted Stock Units (RSUs) that vest on August 30, 2031.
• Additionally, he holds 7,500 RSUs that vest in installments through September 1, 2026.
• The RSUs convert to Class A Common Stock on a one-for-one basis.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices and does not indicate any significant positive or negative developments.

Positives

• The vesting of RSUs indicates a continued alignment of executive compensation with the company's long-term performance.

Negatives

• The disposal of shares to cover tax obligations reduces the executive's direct holdings, although this is a common practice.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates