Form 4: UFP Technologies VP Jason Holt Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
UFP Technologies' Vice President, Jason Holt, disposed of 649 shares of common stock on March 1, 2024, to cover tax liabilities related to vested stock unit awards.
Summary
- Jason Holt, a Vice President at UFP Technologies, Inc., reported a transaction involving the disposal of company stock.
- On March 1, 2024, Holt disposed of 649 shares of common stock to cover tax liabilities associated with stock unit awards that vested on the same date.
- The disposal was executed at a price of $216.8 per share.
- Following the transaction, Holt directly owns 6,867 shares of UFP Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal and vesting of stock unit awards |
| 03/05/2024 | Date of signature on the Form 4 filing |
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