Steve Cardin - Feb 6, 2024 Form 4 Insider Report for UFP TECHNOLOGIES INC (UFPT)

Role: Vice President
Signature: Patrick J. Kinney, Jr. as attorney-in-fact for Steve Cardin
Stock symbol: UFPT
Transactions as of: Feb 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/8/2024, 02:58 PM
Previous filing: Mar 3, 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	+807	+15.2%	$0.00	6.12K	Feb 6, 2023	Direct	F1
transaction	UFPT	Common Stock, $.01 Par Value	Award	$0	+584	+9.55%	$0.00	6.7K	Feb 6, 2024	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 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.

Content

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.

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.