Steve Cardin - Feb 14, 2023 Form 4 Insider Report for UFP TECHNOLOGIES INC (UFPT)

Signature
Patrick J. Kinney, Jr. as attorney-in-fact for Steve Cardin
Stock symbol
UFPT
Transactions as of
Feb 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 02:57 PM
Previous filing
Jun 7, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UFPT Common Stock, $.01 Par Value Award $0 +579 +16.29% $0.00 4.13K Feb 14, 2023 Direct
transaction UFPT Common Stock, $.01 Par Value Award $0 +1.01K +24.38% $0.00 5.14K Feb 14, 2023 Direct F1
transaction UFPT Common Stock, $.01 Par Value Award $0 +807 +15.69% $0.00 5.95K Feb 14, 2023 Direct F2
* 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 on February 15, 2022, under the Issuer's 2003 Incentive Plan subject to satisfaction of performance targets that are to be settled solely in shares of common stock. The transaction date represents the date on which the Issuer's Compensation Committee determined the performance targets were achieved. The units vest with respect to one-third of the shares on March 1, 2023 and with respect to an additional one-third on each of March 1, 2024 and 2025, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.
F2 Represents stock unit awards granted on February 14, 2023, under the Issuer's 2003 Incentive Plan the vesting under which is solely time-based, that are to be settled solely in shares of common stock. The units vest with respect to one-third of the shares on March 1, 2024 and with respect to an additional one-third on each of March 1, 2025 and 2026, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.