| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | UFPT | Common Stock, $.01 Par Value | Award | $0 | +10.1K | +7.22% | $0.00 | 151K | Feb 11, 2025 | Direct | F1, F3 |
| transaction | UFPT | Common Stock, $.01 Par Value | Award | $0 | +11.5K | +7.65% | $0.00 | 162K | Feb 11, 2025 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Represents restricted stock units granted on February 6, 2024, 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, 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. |
| F2 | Represents stock unit awards granted on February 11, 2025, 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, 2026 and with respect to an additional one-third on each of March 1, 2027 and 2028, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date. |
| F3 | The reporting person also holds 28,706 shares of UFP Technologies, Inc. indirectly by Trust. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of any or all of the reported shares for purposes of Section 16 or any other purpose. |