Casares Rene G. 4

What Happened

• Rene G. Casares, Chief Legal Officer of Ulta Beauty (ULTA), received equity awards on March 31, 2026: 1,263 restricted shares granted and an award of options/rights covering 4,298 shares. Both awards were reported as acquisitions at $0.00 per share (grant date awards), not open-market purchases or sales.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely).
• Award details: 1,263 restricted stock units (RSUs) granted (acquired at $0.00); option/award representing an initial right to 4,298 shares (derivative) also granted (reported at $0.00).
• Vesting: RSUs vest 100% on March 15, 2029 (F1). The option/award vests 25% annually beginning March 15, 2027, with full vesting by March 15, 2030 (F2).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction code: A = Award/Grant (not a sale, purchase, or exercise). No 10b5-1, tax-withholding, or late-filing flags noted in the provided data.

Context

• The 4,298-share award is a derivative grant (an initial right to purchase in the future) and is not an exercised option; it becomes exercisable as it vests. The RSUs and option awards are typical executive compensation and are subject to vesting/forfeiture rules until vested, so they do not represent an immediate market purchase or sale.