Steve Cardin - Feb 15, 2022 Form 4 Insider Report for UFP TECHNOLOGIES INC (UFPT)

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.