0001261654-23-000145.txt : 20231218 0001261654-23-000145.hdr.sgml : 20231218 20231218185426 ACCESSION NUMBER: 0001261654-23-000145 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: Anderson Troy R CENTRAL INDEX KEY: 0001789633 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31923 FILM NUMBER: 231495167 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_1702943652.xml FORM 4 X0508 4 2023-12-14 0 0001261654 UNIVERSAL TECHNICAL INSTITUTE INC UTI 0001789633 Anderson Troy R 4225 E. WINDROSE DRIVE SUITE 200 PHOENIX AZ 85032 0 1 0 0 EVP and CFO 0 Common Stock, $0.0001 par value 2023-12-14 4 M 0 17626 0 A 94615 D Common Stock, $0.0001 par value 2023-12-14 4 S 0 7173 10.94 D 87442 D Performance Units 2023-12-14 4 M 0 17626 0 D 2023-12-10 Common Stock, $0.0001 par value 17626 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 Troy R. Anderson 2023-12-18