Steven S. Sintros - Oct 26, 2021 Form 4 Insider Report for UNIFIRST CORP (UNF)

Signature
/s/ Steven S. Sintros
Stock symbol
UNF
Transactions as of
Oct 26, 2021
Transactions value $
-$285,326
Form type
4
Date filed
10/28/2021, 05:37 PM
Next filing
Nov 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Award $0 +3.2K +21.43% $0.00 18.1K Oct 26, 2021 Direct F1
transaction UNF Common Stock Tax liability -$285K -1.41K -7.77% $202.79 16.7K Oct 26, 2021 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 that were earned based on the achievement of certain performance criteria and which vested.
F2 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.
F3 Consists of (i) 6,928 shares of Common Stock owned by the reporting person, (ii) 2,566 restricted stock units that will vest in three remaining equal annual installments on November 27, 2021, November 27, 2022, and November 27, 2023,(iii) 1,210 restricted stock units that will vest in two remaining equal annual installments on December 14, 2021 and December 14, 2022, (iv) 2,784 restricted stock units that will vest in four remaining equal annual installments on October 29, 2021, October 29, 2022, October 29, 2023 and October 29, 2024 and (v) 3,222 restricted stock units that will vest in five equal annual installments on November 19, 2021, November 19, 2022, November 19, 2023, November 19, 2024 and November 19, 2025.