Form 4: UFP Technologies Director Marc Kozin Receives Restricted Stock Unit Grant

UFP Technologies, Inc. Director Marc D. Kozin was granted 625 restricted stock units (RSUs) as part of his compensation, aligning his interests with shareholders.

Summary

• Marc D. Kozin, a Director of UFP Technologies Inc. (UFPT), acquired 625 shares of Common Stock through a restricted stock unit (RSU) grant.
• The transaction occurred on June 4, 2025, with a reported price of $0 per unit, indicating a grant rather than a purchase.
• These RSUs were issued under the issuer's 2009 Non-Employee Director Stock Incentive Plan.
• The 625 RSUs are scheduled to vest 100% on May 31, 2026, contingent upon Mr. Kozin's continued service as a director of the Issuer through the vesting date.
• Following this transaction, Mr. Kozin beneficially owns a total of 27,310 shares of Common Stock directly.

Sentiment

Score: 7

Explanation: The sentiment is positive as the RSU grant aligns the director's interests with shareholders and is a standard, expected form of compensation, indicating stability in governance and compensation practices.

Positives

• The grant of restricted stock units to a director aligns management's and the board's interests directly with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• The use of a pre-existing incentive plan (2009 Non-Employee Director Stock Incentive Plan) indicates a structured and transparent approach to director compensation.

Future Outlook

The restricted stock units granted to Director Marc D. Kozin are set to vest on May 31, 2026, provided he continues his service as a director, indicating a future milestone for his equity compensation.

Industry Context

The granting of restricted stock units to non-employee directors is a common practice across various industries, serving as a standard mechanism for compensating board members and aligning their long-term interests with company performance and shareholder value.

Comparison to Industry Standards

• The grant of restricted stock units (RSUs) to non-employee directors is a widely adopted compensation practice, comparable to similar programs at companies like 'Company A' in the specialized packaging industry or 'Company B' in the industrial components sector, which also utilize equity-based incentives to attract and retain qualified board members.
• The vesting schedule, tied to continued service, is a standard feature designed to ensure long-term commitment and oversight, mirroring governance practices seen in many publicly traded companies.

Corporate Governance

Related Party Transactions

• The grant of 625 restricted stock units to Marc D. Kozin, a director of UFP Technologies, Inc., constitutes a related party transaction as it involves compensation provided by the company to an insider.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value creation, as the value of the units is tied to the company's stock performance.
• Employees: No direct impact on employees is indicated by this specific filing, though it reflects the company's overall compensation philosophy for its leadership.

Next Steps

• The 625 restricted stock units will vest on May 31, 2026, assuming Marc D. Kozin remains a director of UFP Technologies, Inc.

Key Dates

Keywords

UFP Technologies, UFPT, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Beneficial Ownership