0001261654-23-000147.txt : 20231218 0001261654-23-000147.hdr.sgml : 20231218 20231218185646 ACCESSION NUMBER: 0001261654-23-000147 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: Grant Jerome Alan CENTRAL INDEX KEY: 0001723537 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31923 FILM NUMBER: 231495171 MAIL ADDRESS: STREET 1: 16220 N. SCOTTSDALE RD., SUITE 100 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_1702943797.xml FORM 4 X0508 4 2023-12-14 0 0001261654 UNIVERSAL TECHNICAL INSTITUTE INC UTI 0001723537 Grant Jerome Alan 4225 E. WINDROSE DRIVE SUITE 200 PHOENIX AZ 85032 1 1 0 0 Chief Executive Officer 0 Common Stock, $0.0001 par value 2023-12-14 4 M 0 57875 0 A 228375 D Common Stock, $0.0001 par value 2023-12-14 4 F 0 23932 10.94 D 204443 D Performance Units 2023-12-14 4 M 0 57875 0 D 2020-12-05 Common Stock, $0.0001 par value 57875 0 D Vesting of Performance Units granted on 12/10/2020. Shares withheld to satisfy tax liability. 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 Jerome A. Grant 2023-12-18