UTI (NYSE: UTI) president sells 4,545 shares, retains 27,025
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Technical Institute’s Concorde Division President Kevin Prehn reported an open-market sale of 4,545 shares of common stock at $40 per share. This was a direct ownership transaction.
Following the sale, Prehn directly holds 27,025 shares, which the footnote explains includes 14,232 restricted stock units previously reported as such.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,545 shares ($181,800)
Net Sell
1 txn
Insider
Prehn Kevin
Role
Concorde Division President
Sold
4,545 shs ($182K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.0001 par value | 4,545 | $40.00 | $182K |
Holdings After Transaction:
Common Stock, $0.0001 par value — 27,025 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 4,545 shares
Sale price: $40.00 per share
Shares held after: 27,025 shares
+1 more
4 metrics
Shares sold
4,545 shares
Open-market sale of common stock
Sale price
$40.00 per share
Price for the 4,545 shares sold
Shares held after
27,025 shares
Direct holdings following the transaction
Restricted stock units included
14,232 RSUs
Portion of total 27,025 shares held after
Key Terms
restricted stock units, open-market sale, Common Stock, $0.0001 par value
3 terms
restricted stock units financial
"includes 14,232 restricted stock units that the reporting person previously reported"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock, $0.0001 par value financial
"security_title": "Common Stock, $0.0001 par value""
FAQ
What insider transaction did UTI executive Kevin Prehn report on this Form 4?
Kevin Prehn reported an open-market sale of 4,545 shares of Universal Technical Institute common stock at $40 per share. The transaction involved non-derivative common stock and reflects a direct change in his personal shareholdings in the company.
What is Kevin Prehn’s role at Universal Technical Institute (UTI)?
Kevin Prehn serves as Concorde Division President at Universal Technical Institute. His position is identified in the Form 4, indicating he is an officer of the company and subject to insider reporting requirements for transactions in UTI common stock.