Troy R. Anderson - 08 Dec 2023 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
EVP and CFO
Signature
/s/ Christopher Kevane, attorney-in-fact for Troy R. Anderson
Issuer symbol
UTI
Transactions as of
08 Dec 2023
Net transactions value
-$140,136
Form type
4
Filing time
12 Dec 2023, 20:41:35 UTC
Previous filing
10 Jan 2023
Next filing
18 Dec 2023
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 Options Exercise $0 +13,179 +29% $0.000000 58,839 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $42,827 -3,605 -6.1% $11.88 55,234 08 Dec 2023 Direct F2
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +19,688 +36% $0.000000 74,922 08 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $63,974 -5,385 -7.2% $11.88 69,537 08 Dec 2023 Direct F3
transaction UTI Common Stock, $0.0001 par value Options Exercise $0 +10,258 +15% $0.000000 79,795 10 Dec 2023 Direct F1
transaction UTI Common Stock, $0.0001 par value Tax liability $33,335 -2,806 -3.5% $11.88 76,989 10 Dec 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UTI Restricted Stock Units Options Exercise $0 -13,179 -50% $0.000000 13,179 08 Dec 2023 Common Stock, $0.0001 par value 13,179 Direct F1, F5
transaction UTI Restricted Stock Units Options Exercise $0 -19,688 -33% $0.000000 39,376 08 Dec 2023 Common Stock, $0.0001 par value 19,688 $0.000000 Direct F1, F6
transaction UTI Restricted Stock Units Award $0 +32,021 $0.000000 32,021 08 Dec 2023 Common Stock, $0.0001 par value 32,021 Direct F1, F7
transaction UTI Performance Units Award $0 +60,040 $0.000000 60,040 08 Dec 2023 Common Stock, $0.0001 par value 60,040 Direct F8
transaction UTI Restricted Stock Units Options Exercise $0 -10,258 -100% $0.000000* 0 10 Dec 2023 Common Stock, $0.0001 par value 10,258 $0.000000 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 12/08/2021.
F3 Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/8/2022.
F4 Shares withheld to satisfy tax liability for the vesting of restricted stock units granted on 12/10/2020.
F5 Share of Common Stock received from vesting of restricted stock units granted on 12/08/2021.
F6 Share of Common Stock received from vesting of restricted stock units granted on 12/8/2022.
F7 The restricted stock units vest in three equal installments beginning on December 8, 2024.
F8 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.
F9 Shares of Common Stock received from vesting of restricted stock units granted on 12/10/2020.