David A. Difillippo - Feb 14, 2025 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role
Executive VP of Operations
Signature
/s/ Andrea Ballute, Attorney-in-Fact
Stock symbol
UNF
Transactions as of
Feb 14, 2025
Transactions value $
-$861,242
Form type
4
Date filed
2/18/2025, 03:55 PM
Previous filing
Nov 22, 2024
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 +4K +35.86% $0.00 15.2K Feb 14, 2025 Direct
transaction UNF Common Stock Tax liability -$615K -2.84K -18.76% $216.21 12.3K Feb 14, 2025 Direct
transaction UNF Common Stock Sale -$247K -1.16K -9.4% $213.10 11.2K Feb 14, 2025 Direct F1, F2

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 -4K -100% $0.00 0 Feb 14, 2025 Common Stock ($0.10 par value) 4K $104.67 Direct
* 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 November 15, 2024.
F2 Consists of 234 restricted stock units that vest in one remaining annual installment on October 31, 2025, 448 restricted stock units that vest in two remaining equal annual installments on October 31, 2025 and October 31, 2026, 827 restricted stock units that vest in three remaining equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, 1,278 restricted stock units that vest in four equal annual installments on October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028, 1,232 restricted stock units that vest in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027 and 7,137 shares of Common Stock owned by the reporting person.