4//SEC Filing
Mason Sonia Claire 4
Accession 0001261654-21-000091
CIK 0001261654other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 5:20 PM ET
Size
13.0 KB
Accession
0001261654-21-000091
Insider Transaction Report
Form 4
Mason Sonia Claire
Chief Human Resources Officer
Transactions
- Award
Restricted Stock Units
2021-12-08+12,261→ 30,037 totalExp: 2024-12-08→ Common Stock, $0.0001 par value (12,261 underlying) - Award
Performance Units
2021-12-08+22,990→ 59,917 totalExp: 2024-12-08→ Common Stock, $0.0001 par value (22,990 underlying)
Footnotes (3)
- [F1]Each performance unit represents a contingent right to receive one share of the UTI Common Stock, 60% of which vest based on revenue for the fiscal year ending September 30, 2024 and 40% of which vest based on income (loss) from operations for the fiscal year ending September 30, 2024, the sum of which will be adjusted by a compound annual total shareholder return ("TSR") modifier (which modifier may result in the adjustment of the performance units by up to 25% either upward or downward). For purposes of determining the TSR, the change in the price of the UTI Common Stock is based upon the 30-trading day average closing stock price (i) ending on and including the grant date, and (ii) ending on and including the last day of the Performance Period. The amount represents the maximum number of shares that may be delivered pursuant to the award, which is 187.5% of the target number of shares.
- [F2]Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.
- [F3]The restricted stock units vest in three equal annual installments beginning on December 8, 2022.
Issuer
UNIVERSAL TECHNICAL INSTITUTE INC
CIK 0001261654
Entity typeother
Related Parties
1- filerCIK 0001821986
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 5:20 PM ET
- Size
- 13.0 KB