Ulta (ULTA) CTO Kelly E. Garcia Receives Equity Awards

What Happened

• Kelly E. Garcia, Chief Technology Officer of Ulta Beauty (ULTA), received equity compensation on 2026-09-01 consisting of 2,933 restricted stock units (RSUs) and an award representing an initial right to acquire 3,565 shares (derivative option-type award). Both grants were reported as acquisitions at $0.00 per share (no cash exchanged).

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03.
• Transaction code: A (award/grant).
• Grant amounts and reported value: 2,933 RSUs @ $0.00; 3,565 option/derivative rights @ $0.00.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes (vesting):
  • RSUs: 37.5% vest on March 15, 2028; 37.5% on March 15, 2029; remaining 25% on September 1, 2031. (F1)
  • Options/rights: vest 50% on March 15, 2028 and 50% on March 15, 2029. (F2)
• Filing timeliness: filing appears within the normal Form 4 window (transaction 9/1, filing 9/3); no late filing flag noted.

Context

• These awards are compensation grants, not open-market purchases or sales, so they do not represent immediate buying/selling in the market. The option-style award is a derivative right to buy shares in the future and vests over time, meaning shares are not immediately exercisable or deliverable. Grants like this are routine for executive compensation and mainly indicate retention/compensation action rather than a direct indicator of near-term insider buying or selling.