Scott M. Settersten - 19 Feb 2024 Form 4 Insider Report for Ulta Beauty, Inc. (ULTA)

Role: Chief Financial Officer
Signature: /s/ Jodi J. Caro, as attorney-in-fact for Scott M. Settersten
Issuer symbol: ULTA
Transactions as of: 19 Feb 2024
Transactions value $: $0
Form type: 4
Filing time: 21 Feb 2024, 17:05:31 UTC
Previous filing: 01 Jun 2023
Next filing: 19 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ULTA	Common Stock	Award	$0	+5.03K	+38.8%	$0.00	18K	19 Feb 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 5,026 performance-based restricted share units, which were awarded on March 25, 2021 under the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan. Each performance-based restricted share unit represents the right to one share of common stock, which vested based on satisfaction of certain performance goals and a time-based service vesting restriction which lapses on March 15, 2024, subject to continued employment. The Company's compensation committee certified on February 19, 2024 that the performance vesting goals were satisfied.

Content

Represents 5,026 performance-based restricted share units, which were awarded on March 25, 2021 under the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan. Each performance-based restricted share unit represents the right to one share of common stock, which vested based on satisfaction of certain performance goals and a time-based service vesting restriction which lapses on March 15, 2024, subject to continued employment. The Company's compensation committee certified on February 19, 2024 that the performance vesting goals were satisfied.