Christopher E. Kevane - 13 Jan 2022 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 Jan 2022, 17:37:47 UTC
Prior SEC filing
17 Dec 2021
Next SEC filing
04 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Christopher E. Kevane

Key filing fact

Christopher E. Kevane filed Form 4 for UNIVERSAL TECHNICAL INSTITUTE INC (UTI) on 18 Jan 2022.

Key facts

  • This page summarizes Christopher E. Kevane's Form 4 filing for UNIVERSAL TECHNICAL INSTITUTE INC (UTI).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 18 Jan 2022, 17:37.

Change

  • Previous filing in this sequence was filed on 17 Dec 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UTI transaction

Common Stock, $0.0001 par value

Options Exercise

Transaction value
$0
Shares
+858
Change %
+12%
Price
$0.000000
Shares after
8,148
Date
13 Jan 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UTI transaction Derivative

Performance Units

Options Exercise

Transaction value
$0
Shares
-858
Change %
-100%
Price
$0.000000*
Shares after
0
Date
13 Jan 2022
Ownership
Direct
Underlying class
Common Stock, $0.0001 par value
Underlying amount
858
Exercise price
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

Each performance unit represents a contingent right to receive one share of the Company's Common Stock, $0.0001, 60% of which vested based on revenue and 40% of which vested based on income from operations for the fiscal year ended September 30, 2021, the sum of which was adjusted by the compound annual total shareholder return ("TSR") modifier. For purposes of determining the TSR, the change in the price of the Company's common stock was based upon the 30-trading day average closing stock price (i) ending on and including January 7, 2020, and (ii) ending on and including the last day of the Performance Period, or January 6, 2022. The number of shares delivered is equal to 8.6% performance achievement pursuant to the terms of the award and was approved by the Compensation Committee of the Board of Directors on January 13, 2022 per the terms of the award.

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