Steven S. Sintros - Oct 24, 2023 Form 4 Insider Report for UNIFIRST CORP (UNF)

Signature
/s/ Steven S. Sintros
Stock symbol
UNF
Transactions as of
Oct 24, 2023
Transactions value $
-$182,357
Form type
4
Date filed
10/26/2023, 06:20 PM
Previous filing
Dec 16, 2022
Next filing
Oct 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Award $0 +2.62K +11.59% $0.00 25.3K Oct 24, 2023 Direct F1
transaction UNF Common Stock Tax liability -$182K -1.11K -4.4% $163.99 24.2K Oct 24, 2023 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) 13,056 shares of Common Stock owned by the reporting person, (ii) 856 restricted stock units that will vest in one remaining annual installment on November 27, 2023,(iii) 1,392 restricted stock units that will vest in two remaining equal annual installments on October 29, 2023 and October 29, 2024, (iv) 1,934 restricted stock units that will vest in three remaining equal annual installments on November 19, 2023, November 19, 2024 and November 19, 2025, (v) 2,985 restricted stock units that vest in four remaining equal annual installments on October 31, 2023, October 31, 2024, October 31, 2025 and October 31, 2026 and (vi) 3,937 restricted stock units that vest in five equal annual installments on October 31, 2023, October 31, 2024, October 31, 2025, October 31, 2026 and October 31, 2027.