Universal Logistics (ULH) CEO receives 7,215 restricted common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Logistics Holdings reported that Chief Executive Officer and director Timothy Phillips received a grant of 7,215 shares of restricted common stock on February 4, 2026, at a reference price of $18.92 per share. After this equity award, he directly beneficially owns 104,491 common shares.
The restricted shares will vest in four equal 25% installments on March 15 of 2027, 2028, 2029 and 2030, as long as he remains employed by Universal Logistics Holdings. Vesting may be accelerated if the Compensation and Stock Option Committee takes specific action.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PHILLIPS TIMOTHY
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, no par value | 7,215 | $18.92 | $137K |
Holdings After Transaction:
Common Stock, no par value — 104,491 shares (Direct)
Footnotes (1)
- Represents grants of restricted common stock that will vest in four equal 25% installments on each March 15 in 2027, 2028, 2029 and 2030, subject to continued employment with Universal Logistics Holdings, Inc. Vesting may be accelerated upon action by the Compensation and Stock Option Committee. The closing price of the Company's common stock on February 4, 2026.
FAQ
What insider transaction did ULH report for CEO Timothy Phillips?
Universal Logistics Holdings reported that CEO Timothy Phillips received 7,215 shares of restricted common stock on February 4, 2026. This equity grant is part of his compensation and increases his direct beneficial ownership to 104,491 common shares in the company.
Is the ULH CEO’s reported ownership in this filing direct or indirect?
The Form 4 shows that CEO Timothy Phillips’ 104,491 common shares are held with direct beneficial ownership. The filing does not list any indirect ownership vehicles such as trusts or partnerships for this particular restricted stock award transaction.