Lorenz Tracy Kay 4
4 · UNIVERSAL TECHNICAL INSTITUTE INC · Filed Dec 13, 2023
Insider Transaction Report
Form 4
Lorenz Tracy Kay
UTI Division President
Transactions
- Award
Performance Units
2023-12-08+26,685→ 26,685 total→ Common Stock, $0.0001 par value (26,685 underlying) - Award
Restricted Stock Units
2023-12-08+14,232→ 14,232 total→ Common Stock, $0.0001 par value (14,232 underlying)
Footnotes (3)
- [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.