0001261654-23-000141.txt : 20231218
0001261654-23-000141.hdr.sgml : 20231218
20231218185300
ACCESSION NUMBER: 0001261654-23-000141
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231214
FILED AS OF DATE: 20231218
DATE AS OF CHANGE: 20231218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Smith Lori B
CENTRAL INDEX KEY: 0001799017
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31923
FILM NUMBER: 231495162
MAIL ADDRESS:
STREET 1: 16220 N SCOTTSDALE RD
STREET 2: SUITE 500
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85254
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNIVERSAL TECHNICAL INSTITUTE INC
CENTRAL INDEX KEY: 0001261654
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200]
ORGANIZATION NAME: 07 Trade & Services
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
wk-form4_1702943571.xml
FORM 4
X0508
4
2023-12-14
0
0001261654
UNIVERSAL TECHNICAL INSTITUTE INC
UTI
0001799017
Smith Lori B
4225 E. WINDROSE DRIVE
SUITE 200
PHOENIX
AZ
85032
0
1
0
0
SVP Chief Information Officer
0
Common Stock, $0.0001 par value
2023-12-14
4
M
0
8419
0
A
57732
D
Common Stock, $0.0001 par value
2023-12-14
4
F
0
2345
10.94
D
55387
D
Performance Units
2023-12-14
4
M
0
8419
0
D
2023-12-10
Common Stock, $0.0001 par value
8419
0
D
Shares withheld to satisfy tax liability for the vesting of performance units granted on 12/10/2020.
Each performance unit represents a contingent right to receive one share of the Company's Common Stock, $0.0001 par value, 60% of which vest based on revenue for the fiscal year ending September 30, 2023 and 40% of which vest based on income (loss) from operations for the fiscal year ending September 30, 2023, 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 Company's common stock is based upon the 30-trading day average closing stock price (i) ending on and including the grant date, and (ii) ending on and including the last day of the Performance Period. 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.
/s/ Christopher Kevane, attorney-in-fact for Lori B Smith
2023-12-18