4//SEC Filing
Kevane Christopher E. 4
Accession 0001261654-23-000137
CIK 0001261654other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 6:51 PM ET
Size
9.1 KB
Accession
0001261654-23-000137
Insider Transaction Report
Form 4
Kevane Christopher E.
EVP and Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock, $0.0001 par value
2023-12-14+13,154→ 51,073 total - Tax Payment
Common Stock, $0.0001 par value
2023-12-14$10.94/sh−3,664$40,084→ 47,409 total - Exercise/Conversion
Performance Units
2023-12-14−13,154→ 0 totalExp: 2023-12-10→ Common Stock, $0.0001 par value (13,154 underlying)
Footnotes (2)
- [F1]Shares withheld to satisfy tax liability for the vesting of performance units granted on 12/10/2020.
- [F2]Each performance unit represents a contingent right to receive one share of the Company's Common Stock, $0.0001 par value, 60% of which vest based on revenue for the fiscal year ending September 30, 2023 and 40% of which vest based on income (loss) from operations for the fiscal year ending September 30, 2023, 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 Company's 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.
Documents
Issuer
UNIVERSAL TECHNICAL INSTITUTE INC
CIK 0001261654
Entity typeother
Related Parties
1- filerCIK 0001486632
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 6:51 PM ET
- Size
- 9.1 KB