0001261654-22-000026.txt : 20220118
0001261654-22-000026.hdr.sgml : 20220118
20220118184042
ACCESSION NUMBER: 0001261654-22-000026
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220113
FILED AS OF DATE: 20220118
DATE AS OF CHANGE: 20220118
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Smith Sherrell
CENTRAL INDEX KEY: 0001371105
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31923
FILM NUMBER: 22536275
BUSINESS ADDRESS:
BUSINESS PHONE: 623-445-9500
MAIL ADDRESS:
STREET 1: 20410 NORTH 19TH AVENUE S-200
CITY: PHOENIX
STATE: AZ
ZIP: 85027
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNIVERSAL TECHNICAL INSTITUTE INC
CENTRAL INDEX KEY: 0001261654
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200]
IRS NUMBER: 860226984
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 4225 EAST WINDROSE DRIVE
STREET 2: SUITE 200
CITY: PHOENIX
STATE: AZ
ZIP: 85032
BUSINESS PHONE: 623-445-9500
MAIL ADDRESS:
STREET 1: 4225 EAST WINDROSE DRIVE
STREET 2: SUITE 200
CITY: PHOENIX
STATE: AZ
ZIP: 85032
4
1
wf-form4_164254922485697.xml
FORM 4
X0306
4
2022-01-13
0
0001261654
UNIVERSAL TECHNICAL INSTITUTE INC
UTI
0001371105
Smith Sherrell
4225 E. WINDROSE DRIVE
SUITE 200
PHOENIX
AZ
85032
0
1
0
0
EVP, Campus Ops & Services
Common Stock, $0.0001 par value
2022-01-13
4
M
0
1551
0
A
175011
D
Common Stock, $0.0001 par value
29063
I
Spouse
Performance Units
2022-01-13
4
M
0
1551
0
D
Common Stock, $0.0001 par value
1551.0
0
D
Each performance unit represents a contingent right to receive one share of the Company's Common Stock, $0.0001, 60% of which vested based on revenue and 40% of which vested based on income from operations for the fiscal year ended September 30, 2021, the sum of which was adjusted by the compound annual total shareholder return ("TSR") modifier. For purposes of determining the TSR, the change in the price of the Company's common stock was based upon the 30-trading day average closing stock price (i) ending on and including the grant date of January 7, 2020, and (ii) ending on and including the last day of the Performance Period, or January 6, 2022. The number of shares delivered is equal to 8.6% performance achievement pursuant to the terms of the award and was approved by the Compensation Committee of the Board of Directors on January 13, 2022 per the terms of the award.
/s/ Christopher Kevane, attorney-in-fact for Sherrell Smith
2022-01-18