Tracy K. Lorenz - 08 Dec 2023 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
UTI Division President
Signature
/s/ Tracy K. Lorenz, by Christopher Kevane, as Attorney-in-Fact
Issuer symbol
UTI
Transactions as of
08 Dec 2023
Net transactions value
$0
Form type
4
Filing time
13 Dec 2023, 08:59:07 UTC
Previous filing
31 May 2023
Next filing
29 May 2024
SEC
View on sec.gov

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 Award $0 +14,232 $0.000000 14,232 08 Dec 2023 Common Stock, $0.0001 par value 14,232 Direct F1, F2
transaction UTI Performance Units Award $0 +26,685 $0.000000 26,685 08 Dec 2023 Common Stock, $0.0001 par value 26,685 Direct F3
* 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 The restricted stock units vest in three equal installments beginning on December 8, 2024.
F3 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.