Steven S. Sintros - 25 Oct 2022 Form 4 Insider Report for UNIFIRST CORP (UNF)

Signature
/s/ Steven S. Sintros
Issuer symbol
UNF
Transactions as of
25 Oct 2022
Transactions value $
-$136,266
Form type
4
Filing time
27 Oct 2022, 16:39:15 UTC
Previous filing
20 Oct 2022
Next filing
01 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Award $0 +1.87K +9.34% $0.00 21.9K 25 Oct 2022 Direct F1
transaction UNF Common Stock Tax liability -$136K -791 -3.62% $172.27 21.1K 25 Oct 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units that were earned based on the achievement of certain performance criteria and which vested.
F2 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.
F3 Consists of (i) 10,346 shares of Common Stock owned by the reporting person, (ii) 1,711 restricted stock units that will vest in two remaining equal annual installments on November 27, 2022 and November 27, 2023,(iii) 605 restricted stock units that will vest on December 14, 2022, (iv) 2,088 restricted stock units that will vest in three remaining equal annual installments on October 29, 2022, October 29, 2023 and October 29, 2024, (v) 2,578 restricted stock units that will vest in four remaining equal annual installments on November 19, 2022, November 19, 2023, November 19, 2024 and November 19, 2025 and (vi) 3,731 restricted stock units that vest in five equal annual installments on October 31, 2022, October 31, 2023, October 31, 2024, October 31, 2025 and October 31, 2026.