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UNIVERSAL TECHNICAL INSTITUTE INC — Director's Dealing 2023
Dec 13, 2023
31931_dirs_2023-12-13_29ce2403-687b-4a40-9f2b-f863dbd2e650.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK: 0001261654
Period of Report: 2023-12-08
Reporting Person: Prehn Kevin (Concorde Division President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-08 | Common Stock, $0.0001 par value | M | 1160 | — | Acquired | 1160 | Direct |
| 2023-12-08 | Common Stock, $0.0001 par value | F | 315 | $11.88 | Disposed | 845 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-12-08 | Restricted Stock Units | $ | M | 1160 | Disposed | Common Stock, $0.0001 par value (1160) | Direct | |
| 2023-12-08 | Restricted Stock Units | $ | A | 28464 | Acquired | Common Stock, $0.0001 par value (28464) | Direct | |
| 2023-12-08 | Performance Units | $ | A | 53370 | Acquired | Common Stock, $0.0001 par value (53370) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.
F2: Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/8/2022.
F3: The restricted stock units vest in three equal annual installments beginning on December 8, 2023.
F4: Vesting of restricted stock units granted on 12/08/2022.
F5: 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, 2026 and 40% of which vest based on adjusted EBITDA for the fiscal year ending September 30, 2026.