Form 4: UFP Technologies CEO R. Jeffrey Bailly Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO R. Jeffrey Bailly of UFP Technologies, Inc. reports disposing of 9,805 shares to cover tax liabilities related to vested stock unit awards.
Summary
- R. Jeffrey Bailly, CEO of UFP Technologies, Inc., filed a Form 4 with the SEC.
- The filing reports a transaction on March 3, 2025, where 9,805 shares of common stock were disposed of to cover tax liabilities.
- The shares were withheld at a price of $215.24 per share.
- Following the transaction, Bailly directly owns 152,240 shares of UFP Technologies, Inc.
- Bailly also indirectly holds 28,706 shares through a trust, but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes. It doesn't indicate a change in the CEO's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock disposal transaction. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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