MITCHELL ROCK - 06 Feb 2024 Form 4 Insider Report for UFP TECHNOLOGIES INC (UFPT)

Role
President
Signature
Patrick J. Kinney, Jr. as attorney-in-fact for Mitchell Rock
Issuer symbol
UFPT
Transactions as of
06 Feb 2024
Net transactions value
$0
Form type
4
Filing time
08 Feb 2024, 14:52:39 UTC
Previous filing
09 Nov 2023
Next filing
05 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UFPT Common Stock, $.01 Par Value Award $0 +2,761 +10% $0.000000 29,847 06 Feb 2024 Direct F1
transaction UFPT Common Stock, $.01 Par Value Award $0 +2,567 +8.6% $0.000000 32,414 06 Feb 2024 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 14, 2023, 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, 2024 and with respect to an additional one-third on each of March 1, 2025 and 2026, 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 6, 2024, under the Issuer's 2003 Incentive Plan the vesting under which is solely time-based, that are to be settled solely in shares of common stock. The units vest with respect to one-third of the shares on March 1, 2025 and with respect to an additional one-third on each of March 1, 2026 and 2027, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.