Form 4: UFP Technologies CFO Ronald Lataille Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Ronald Lataille, CFO of UFP Technologies, reports disposing of 2,034 shares to cover tax liabilities related to vested stock unit awards.
Summary
- On March 3, 2025, Ronald J. Lataille, the Chief Financial Officer of UFP Technologies, Inc. (UFPT), disposed of 2,034 shares of common stock to cover tax liabilities.
- The shares were withheld at a price of $215.24 per share.
- This transaction was related to stock unit awards granted in 2022, 2023, and 2024 that vested on March 3, 2025.
- Following the transaction, Lataille directly owns 12,997 shares and indirectly owns 38,940 shares of UFP Technologies, Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (stock disposal for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations through stock withholding.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock disposal and vesting of stock unit awards. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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