0001261654-23-000111.txt : 20231212
0001261654-23-000111.hdr.sgml : 20231212
20231212180244
ACCESSION NUMBER: 0001261654-23-000111
CONFORMED SUBMISSION TYPE: 3/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231204
FILED AS OF DATE: 20231212
DATE AS OF CHANGE: 20231212
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Prehn Kevin
CENTRAL INDEX KEY: 0002002125
FILING VALUES:
FORM TYPE: 3/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31923
FILM NUMBER: 231482359
MAIL ADDRESS:
STREET 1: 4225 E. WINDROSE DRIVE
STREET 2: SUITE 200
CITY: PHOENIX
STATE: AZ
ZIP: 85032
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
3/A
1
wk-form3a_1702422152.xml
FORM 3/A
X0206
3/A
2023-12-04
2023-12-04
0
0001261654
UNIVERSAL TECHNICAL INSTITUTE INC
UTI
0002002125
Prehn Kevin
4225 EAST WINDROSE DRIVE,
SUITE 200
PHOENIX
AZ
85032
0
1
0
0
Concorde Division President
Performance Units
Common Stock, $0.0001 par value
3482
D
Restricted Stock Units
Common Stock, $0.0001 par value
3482
D
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, 2025 and 40% of which vest based on adjusted EBITDA for the fiscal year ending September 30, 2025, the sum of which will be adjusted by a compound annual total shareholder return ("TSR") modifier (which modifier may result in the adjustment of the performance units by up to 25% either upward or downward). For purposes of determining the TSR, the change in the price of the UTI Common Stock is based upon the 30-trading day average closing stock price (i) immediately preceding and through grant date, and (ii) immediately preceding and through the 3rd anniversary of grant date (ending price). The amount represents the maximum number of shares that may be delivered pursuant to the award, which is 187.5% of the target number of shares.
Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock.
The restricted stock units vest in three equal annual installments beginning on December 8, 2023.
/s/ Christopher Kevane, attorney-in-fact for Kevin Prehn
2023-12-11