Form 4: UFP Technologies VP Steve Cardin Reports Stock Disposal for Tax Obligations

UFP Technologies' Vice President, Steve Cardin, disposed of 746 shares of common stock on March 1, 2024, to cover tax liabilities related to vested stock unit awards.

Summary

• On March 1, 2024, Steve Cardin, Vice President of UFP Technologies, Inc., disposed of 746 shares of common stock.
• The transaction was executed to cover tax liabilities associated with stock unit awards that vested on the same date.
• The price per share for the disposal was $216.8.
• Following the transaction, Cardin directly owns 5,954 shares of UFP Technologies stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard transaction related to executive compensation and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, indicating insider activity related to stock compensation. It's common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it's a small percentage of the outstanding shares.
• It could have a minor positive impact on employee morale as it demonstrates the value of the company's stock-based compensation.

Key Dates