Matthew Croatti - Oct 31, 2024 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role
10%+ Owner
Signature
/s/ Andrea Ballute, Attorney-in-Fact
Stock symbol
UNF
Transactions as of
Oct 31, 2024
Transactions value $
-$40,098
Form type
4
Date filed
11/4/2024, 04:41 PM
Previous filing
Nov 2, 2023
Next filing
Nov 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Tax liability -$40.1K -223 -2.19% $179.81 9.95K Oct 31, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock withheld by UniFirst Corporation to satisfy certain tax withholding obligations in connection with the vesting of certain restricted stock units.
F2 Consists of 94 restricted stock units that vest in one remaining equal annual installment on October 31, 2025, 187 restricted stock units that vest in two remaining equal annual installments on October 31, 2025 and October 31, 2026, 355 restricted stock units that vest in three remaining equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, 548 restricted stock units that vest in four equal annual installments on October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028 and 8,770 shares of Common Stock owned by the reporting person.