Ronald J. Lataille - Feb 6, 2024 Form 4 Insider Report for UFP TECHNOLOGIES INC (UFPT)

Signature
Patrick J. Kinney, Jr. as attorney-in-fact for Ronald J. Lataille
Stock symbol
UFPT
Transactions as of
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/8/2024, 02:54 PM
Previous filing
Nov 13, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UFPT Common Stock, $.01 Par Value Award $0 +2.76K +25.84% $0.00 13.4K Feb 6, 2024 Direct F1, F3
transaction UFPT Common Stock, $.01 Par Value Award $0 +2.19K +16.25% $0.00 15.6K Feb 6, 2024 Direct F2, F3
* 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 14, 2023, 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, 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.
F2 Represents stock unit awards granted on February 6, 2024, 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, 2025 and with respect to an additional one-third on each of March 1, 2026 and 2027, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.
F3 The reporting person also owns 55,303 shares of UFP Technologies, Inc. indirectly.