William Masters Ross - Nov 19, 2024 Form 4 Insider Report for UNIFIRST CORP (UNF)

Signature
s/ Andrea Ballute, Attorney-in-Fact
Stock symbol
UNF
Transactions as of
Nov 19, 2024
Transactions value $
-$49,364
Form type
4
Date filed
11/22/2024, 06:25 AM
Previous filing
Nov 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Award $0 +1.23K +35.17% $0.00 4.74K Nov 19, 2024 Direct F1
transaction UNF Common Stock Award $0 +600 +12.67% $0.00 5.34K Nov 19, 2024 Direct F2
transaction UNF Common Stock Tax liability -$49.4K -256 -4.8% $192.83 5.08K Nov 19, 2024 Direct F3, F4
holding UNF Common Stock 65 Nov 19, 2024 By IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UNF Stock Appreciation Right Award $0 +1.8K $0.00 1.8K Nov 19, 2024 Common Stock ($0.10 par value) 1.8K $192.83 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted under the UniFirst Corporation 2023 Stock Option and Incentive Plan (the "2023 Plan"). Such restricted stock units vest in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027.
F2 Represents restricted stock units that were earned based on the achievement of certain performance criteria and which vested.
F3 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.
F4 Consists of 234 restricted stock units that vest in one remaining equal annual installment on October 31, 2025, 448 restricted stock units that vest in two remaining equal annual installments on October 31, 2025 and October 31, 2026, 827 restricted stock units that vest in three remaining equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, 1,278 restricted stock units that vest in four equal annual installments on October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028, 1,232 restricted stock units that vest in three remaining equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027 and 1,060 shares of Common Stock owned by the reporting person.
F5 This stock appreciation right, which was granted under the 2023 Plan, becomes vested and exercisable in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027. This stock appreciation right is required to be settled in stock at the time of exercise.