Ultra Clean CIO reports tax share withholding
Ultra Clean Holdings, Inc.’s Chief Information Officer, Jeffrey L. McKibben, reported automatic dispositions of common stock related to tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Ultra Clean Holdings, Inc.’s Chief Information Officer, Jeffrey L. McKibben, reported automatic dispositions of common stock related to tax withholding. On the Form 4 date, a total of 3,942 shares of common stock were withheld at $78.15 per share to pay tax liabilities triggered by the partial settlement of vested restricted stock unit awards. These transactions were coded as tax-withholding dispositions, not open‑market purchases or sales.
Insider Trade Summary
Exercise Price or Tax Liability: 3,942 shares
Exercise Price or Tax Liability
3 txns
Insider
McKibben Jeffrey L.
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 964 | $78.15 | $75K |
| Exercise Price or Tax Liability | Common Stock | 1,302 | $78.15 | $102K |
| Exercise Price or Tax Liability | Common Stock | 1,676 | $78.15 | $131K |
Holdings After Transaction:
Common Stock — 18,054 shares (Direct)
Footnotes (1)
- F1. Represents shares automatically withheld for payment of tax liability arising as a result of the partial settlement of restricted stock unit awards that vested.
Key Figures
Tax-withholding shares: 3,942 shares
Withholding price: $78.15 per share
Number of transactions: 3 transactions
3 metrics
Tax-withholding shares
3,942 shares
Common stock withheld to cover tax liabilities from vested RSUs
Withholding price
$78.15 per share
Price applied to tax-withholding dispositions on common stock
Number of transactions
3 transactions
All coded F for tax withholding on the same transaction date
Key Terms
restricted stock unit awards, tax-withholding disposition, Form 4, Common Stock
4 terms
restricted stock unit awards financial
"partial settlement of restricted stock unit awards that vested"
Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ultra Clean (UCTT) CIO Jeffrey McKibben report on this Form 4?
Jeffrey McKibben reported automatic share dispositions for tax withholding. A total of 3,942 Ultra Clean common shares were withheld at $78.15 per share to cover tax liabilities arising from the partial settlement of vested restricted stock unit awards, rather than through open-market trading.
Were Jeffrey McKibben’s Ultra Clean (UCTT) transactions open-market sales?
No, the transactions were not open-market sales. They are coded as “F” on Form 4, meaning shares were automatically withheld and delivered to satisfy tax liabilities from vested restricted stock unit awards, rather than voluntarily sold on the open market by the executive.
What does transaction code "F" mean in the Ultra Clean (UCTT) Form 4?
Code "F" indicates payment of an exercise price or tax liability by delivering securities. In this Ultra Clean filing, it means common shares were automatically withheld at $78.15 per share to cover taxes from partial settlement of restricted stock unit awards that had vested for the executive.
How many separate tax-withholding transactions did Ultra Clean (UCTT) report for McKibben?
The Form 4 records three separate tax-withholding transactions. Each involves Ultra Clean common stock coded as “F,” and together they total 3,942 shares withheld to satisfy tax liabilities associated with the vesting and partial settlement of restricted stock unit awards granted as compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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