Frank Carolyn Ann 4

What Happened

• Carolyn Frank, SVP / Chief HR Officer of Universal Technical Institute, had 2,162 shares withheld by the issuer to satisfy tax-withholding obligations upon the vesting of restricted stock units. The withholding price reported was $27.49 per share, for a notional value of about $59,433. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-21 (filed 2026-01-21)
• Action: Shares withheld to satisfy taxes on vested RSUs (Code F)
• Shares withheld/disposed: 2,162 at $27.49 each; total ~ $59,433
• Footnote: Shares were withheld by the issuer to satisfy tax-withholding obligations upon vesting of RSUs granted on January 16, 2024 (Footnote F1)
• Shares owned after transaction: Not specified in the filing
• Filing timeliness: Report and filing dated the same day; no late filing indicated

Context

• This was a routine tax-withholding event tied to RSU vesting (effectively a cashless settlement), not an open-market sale or purchase. Such withholdings are common and do not necessarily signal insider sentiment about the company's stock.