Form 4: Upland Software CFO Michael Hill Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Hill, CFO & Treasurer of Upland Software, reports the withholding of shares to cover tax obligations and holdings in a family trust.
Summary
- On March 16, 2024, Michael Hill, the CFO & Treasurer of Upland Software, reported changes in his beneficial ownership of the company's stock.
- 12,559 shares of common stock were withheld by Upland Software to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $4.21 per share.
- Following the transaction, Hill directly owns 338,245 shares of Upland Software common stock.
- Hill also indirectly owns 160,042 shares held by the MDH Trust, for which he serves as trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of transaction: Shares withheld for tax obligations. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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