Form 4: UFP Technologies SVP Litterio Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Christopher P. Litterio, Senior Vice President of UFP Technologies, reports the disposal of 1,504 shares of common stock to cover tax liabilities related to vested stock unit awards.
Summary
- On March 1, 2024, Christopher P. Litterio, Senior Vice President of UFP Technologies, Inc. (UFPT), disposed of 1,504 shares of common stock.
- The disposal was to cover tax liabilities associated with stock unit awards that vested on the same date.
- The price per share was $216.8.
- Following the transaction, Litterio directly owns 12,830 shares of UFP Technologies.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's holdings or company outlook.
Industry Context
This is a routine Form 4 filing, reflecting an insider's stock disposal to cover tax obligations, a common practice after stock options or restricted stock units vest. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction (stock disposal to cover tax liability) and vesting of stock unit awards. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.