Kevane Christopher E. 4

4 · UNIVERSAL TECHNICAL INSTITUTE INC · Filed Dec 13, 2023

Form 4

Period: 2023-12-08

EVP and Chief Legal Officer

Transactions

Tax Payment
Common Stock, $0.0001 par value
2023-12-08$11.88/sh−2,357$28,001→ 32,681 total
Tax Payment
Common Stock, $0.0001 par value
2023-12-10$11.88/sh−2,022$24,021→ 37,919 total
Exercise/Conversion
Restricted Stock Units
2023-12-08−8,460→ 16,921 total
→ Common Stock, $0.0001 par value (8,460 underlying)
Exercise/Conversion
Common Stock, $0.0001 par value
2023-12-10+7,260→ 39,941 total
Exercise/Conversion
Restricted Stock Units
2023-12-08−6,460→ 6,460 total
Exp: 2024-12-08→ Common Stock, $0.0001 par value (6,460 underlying)
Award
Restricted Stock Units
2023-12-08+17,790→ 17,790 total
→ Common Stock, $0.0001 par value (17,790 underlying)
Exercise/Conversion
Restricted Stock Units
2023-12-10−7,260→ 0 total
→ Common Stock, $0.0001 par value (7,260 underlying)
Exercise/Conversion
Common Stock, $0.0001 par value
2023-12-08+6,460→ 28,378 total
Tax Payment
Common Stock, $0.0001 par value
2023-12-08$11.88/sh−1,800$21,384→ 26,578 total
Exercise/Conversion
Common Stock, $0.0001 par value
2023-12-08+8,460→ 35,038 total
Award
Performance Units
2023-12-08+33,357→ 33,357 total
→ Common Stock, $0.0001 par value (33,357 underlying)

Footnotes (9)

[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 performance units granted on 12/10/2020.
[F5]Share of Common Stock received from vesting of restricted stock units granted on 12/08/2021.
[F6]Vesting of restricted stock units granted on 12/08/2022.
[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 performance units granted on 12/10/2020.

Documents

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