Steve Cardin - Feb 15, 2022 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 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 04:39 PM
Previous filing: Jun 15, 2021
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UFPT	Common Stock, $.01 Par Value	Award	$0	+1.02K	+51.67%	$0.00	2.99K	Feb 15, 2022	Direct	F1
transaction	UFPT	Common Stock, $.01 Par Value	Award	$0	+1.01K	+33.67%	$0.00	4K	Feb 15, 2022	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 22, 2021 and June 9, 2021, 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, 2022 and with respect to an additional one-third on each of March 1, 2023 and 2024, 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 15, 2022, under the issuer's 2003 Incentive Plan the vesting under which is soley time-based, that are to be settled soley in shares of common stock. 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.

Content

Represents restricted stock units granted on February 22, 2021 and June 9, 2021, 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, 2022 and with respect to an additional one-third on each of March 1, 2023 and 2024, 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 15, 2022, under the issuer's 2003 Incentive Plan the vesting under which is soley time-based, that are to be settled soley in shares of common stock. 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.