Form 4: UFP Technologies CEO R. Jeffrey Bailly Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
R. Jeffrey Bailly, CEO of UFP Technologies, disposed of 10,581 shares of common stock on March 1, 2024, to cover tax liabilities related to vested stock unit awards.
Summary
- On March 1, 2024, R. Jeffrey Bailly, the CEO of UFP Technologies, disposed of 10,581 shares of the company's common stock.
- The transaction was executed to cover tax liabilities associated with stock unit awards that vested on the same date.
- The price per share for the disposal was $216.8.
- Following the transaction, Bailly directly owns 294,471 shares of UFP Technologies.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal and vesting of stock unit awards. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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