Officer/Director Jerome Grant Files to Sell $3.9M in Shares
UTI sits 94% above its 52-week low of $21.29.
Summary
Officer and Director Jerome Alan Grant has filed to sell $3.9 million in company stock, adding to recent insider selling activity.
Key Events · Ownership and Investor Activity · UTI
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Officer/Director Intent to Sell
Jerome Alan Grant, an Officer and Director, filed a Form 144 to sell 94,500 shares of common stock.
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Significant Value
The proposed sale has an approximate market value of $3.91 million.
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Shares from Compensation
The shares intended for sale were acquired through restricted stock vesting as compensation.
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Part of Broader Insider Distribution
This filing contributes to a recent pattern of insider selling, with net insider sales of over $125 million in the last 90 days.
Analysis · UTI · Trade & Services
An officer and director, Jerome Alan Grant, has filed a Form 144 indicating an intent to sell approximately $3.9 million worth of common stock. This sale represents a portion of shares acquired through restricted stock vesting. While part of an ongoing pattern of insider sales, this specific filing adds to the overall distribution signal from insiders.
At the time of this filing, UTI was trading at $41.35 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $21.29 to $45.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.