Carolyn Ann Frank - 16 Jan 2024 Form 4 Insider Report for UNIVERSAL TECHNICAL INSTITUTE INC (UTI)

Role
Chief Human Resources Officer
Signature
/s/ Carolyn Frank, by Christopher Kevane, as Attorney-in-Fact
Issuer symbol
UTI
Transactions as of
16 Jan 2024
Net transactions value
$0
Form type
4
Filing time
17 Jan 2024, 15:34:50 UTC
Previous filing
17 Jan 2024
Next filing
10 Dec 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 +19,645 $0.000000 19,645 16 Jan 2024 Common Stock, $0.0001 par value 19,645 Direct F1, F2
transaction UTI Performance Units Award $0 +19,644 $0.000000 19,644 16 Jan 2024 Common Stock, $0.0001 par value 19,644 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 annual installments beginning on January 16, 2025.
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.