Form 4: UFP Technologies Senior Vice President Christopher P. Litterio Reports Stock Transaction
SEC Form 4 Filing
Christopher P. Litterio, Senior Vice President of UFP Technologies, reports disposition of 921 shares to cover tax liability related to vested stock unit awards.
Summary
- On March 3, 2025, Christopher P. Litterio, a Senior Vice President at UFP Technologies Inc. (UFPT), disposed of 921 shares of common stock to cover tax liabilities.
- The shares were withheld to cover tax obligations related to stock unit awards granted in 2022, 2023, and 2024 that vested on March 3, 2025.
- The transaction was executed at a price of $215.24 per share.
- Following the transaction, Litterio directly owns 14,058 shares of UFP Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives and their potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 2022 | Year of stock unit awards granted that vested on March 3, 2025. |
| 2023 | Year of stock unit awards granted that vested on March 3, 2025. |
| 2024 | Year of stock unit awards granted that vested on March 3, 2025. |
| 03/03/2025 | Date of the stock transaction and vesting of stock unit awards. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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