Form 4: UFP Technologies CEO R. Jeffrey Bailly Reports Stock Sales

CEO R. Jeffrey Bailly of UFP Technologies reports the disposition of shares held indirectly in trust, alongside a gift of shares.

Summary

• R. Jeffrey Bailly, CEO of UFP Technologies, filed a Form 4 detailing changes in beneficial ownership.
• On March 26, 2024, Bailly gifted 154,857 shares of common stock, resulting in no monetary transaction.
• On August 8 and 9, 2024, Bailly sold shares held indirectly in trust in multiple transactions at varying prices.
• The sales on August 8, 2024, involved 7,981 shares at an average price of $310.14, 2,806 shares at an average price of $311.30 and 100 shares at an average price of $312.27.
• On August 9, 2024, 3,546 shares were sold at an average price of $310.37.
• Following these transactions, Bailly continues to beneficially own 140,424 shares indirectly through a trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• Shareholders may interpret the stock sales as a lack of confidence by the CEO, although the shares were held in trust.
• The gift of shares has no immediate impact on stakeholders.

Key Dates