ULTA - Options Movement At Ulta Beauty: Kecia Steelman Exercises Worth $3.21M | Benzinga
Disclosed in a recent SEC filing on March 21, Steelman, President and COO at Ulta Beauty (NASDAQ:ULTA), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Steelman, President and COO at Ulta Beauty, exercised stock options for 13,587 shares of ULTA stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The exercise price of the options was $280.38 per share.
Ulta Beauty shares are trading down 1.25% at $516.99 at the time of this writing on Friday morning. Since the current price is $516.99, this makes Steelman's 13,587 shares worth $3,214,750.
Discovering Ulta Beauty: A Closer Look
With 1,355 stores at the end of fiscal 2022 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (42% of 2022 sales), fragrances, skin care, and hair care products (21% of 2022 sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
Ulta Beauty's Economic Impact: An Analysis
Positive ...