LENNOX WILLIAM J JR 4
Research Summary
AI-generated summary
UTI Director William J. Lennox Jr Receives 3,565-Share Award
What Happened
- William J. Lennox Jr, a director of Universal Technical Institute, Inc. (UTI), was granted 3,565 shares on March 5, 2026. The shares were issued at $0.00 (awarded as compensation), so no cash was exchanged and the reported transaction value is $0. The award was approved by UTI's Board of Directors.
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-06 (timely filing).
- Transaction type: Award/Grant (code A); Shares: 3,565; Price: $0.00; Reported value: $0.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Shares issued as non-employee director compensation under the Universal Technical Institute, Inc. Amended and Restated 2021 Equity Incentive Plan, approved by the Board on March 5, 2026.
- No indication of a 10b5-1 plan, sale, option exercise, or tax-withholding event in the filing.
Context
- This was a compensation grant to a non-employee director, a routine practice for boards to compensate directors with equity. Such awards represent compensation rather than an open-market purchase or sale and should not be interpreted on their own as a bullish or bearish investment signal.