David Martin Katz - Nov 19, 2024 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role
Executive VP, Sales/Marketing
Signature
/s/ Andrea Ballute, Attorney-in-Fact
Stock symbol
UNF
Transactions as of
Nov 19, 2024
Transactions value $
-$577,340
Form type
4
Date filed
11/22/2024, 06:27 AM
Previous filing
Nov 4, 2024
Next filing
Feb 19, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Options Exercise $0 +2.67K +47.41% $0.00 8.29K Nov 19, 2024 Direct
transaction UNF Common Stock Tax liability -$401K -2.08K -25.08% $192.67 6.21K Nov 19, 2024 Direct
transaction UNF Common Stock Sale -$113K -587 -9.45% $193.08 5.63K Nov 19, 2024 Direct F1
transaction UNF Common Stock Award $0 +1.69K +29.97% $0.00 7.31K Nov 19, 2024 Direct
transaction UNF Common Stock Award $0 +771 +10.55% $0.00 8.08K Nov 19, 2024 Direct F2
transaction UNF Common Stock Tax liability -$63.2K -328 -4.06% $192.83 7.75K Nov 19, 2024 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UNF Stock Appreciation Right Options Exercise $0 -2.67K -100% $0.00 0 Nov 19, 2024 Common Stock ($0.10 par value) 2.67K $119.00 Direct
transaction UNF Stock Appreciation Right Award $0 +2.46K $0.00 2.46K Nov 19, 2024 Common Stock ($0.10 par value) 2.46K $192.83 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on July 15, 2024.
F2 Represents restricted stock units that were earned based on the achievement of certain performance criteria and which vested.
F3 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.
F4 Consists of 234 restricted stock units that vest in one remaining equal annual installment on October 31, 2025, 598 restricted stock units that vest in two remaining equal annual installments on October 31, 2025 and October 31, 2026, 1,064 restricted stock units that vest in three remaining equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, 1,643 restricted stock units that vest in four equal annual installments on October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028, 1,686 restricted stock units that vest in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027 and 2,529 shares of Common Stock owned by the reporting person.
F5 This stock appreciation right, which was granted under the 2023 Plan, becomes vested and exercisable in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027. This stock appreciation right is required to be settled in stock at the time of exercise.