Sherrell Smith - 08 Dec 2024 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
EVP, Chief Academic Officer
Signature
/s/ Christopher Kevane, Attorney-in-Fact for Sherrell Smith
Issuer symbol
UTI
Transactions as of
08 Dec 2024
Net transactions value
-$258,506
Form type
4
Filing time
10 Dec 2024, 21:09:08 UTC
Previous filing
18 Dec 2023
Next filing
17 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UTI Common Stock, $0.0001 par value Award +9,355 +3.7% 265,361 08 Dec 2024 Direct F1, F2, F3
transaction UTI Common Stock, $0.0001 par value Tax liability $258,506 -10,090 -3.8% $25.62 255,271 08 Dec 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSU") vest in three equal installments beginning on December 15, 2025.
F2 Each RSU represents a contingent right to receive one share of issuer's Common Stock.
F3 The reported transaction involved the reporting person's receipt of a grant of 9,355 ("RSUs") received on December 9, 2024. The reporting person has reported prior awards of RSUs in Table II of Form 4. The total reported in Column 5 includes the 9,355 newly awarded RSUs, 46,781 RSU's previously reported in Table II and 209,225 shares of common stock.