Form 4: UFP Technologies VP Steve Cardin Reports Stock Transaction
SEC Form 4 Filing
UFP Technologies' Vice President, Steve Cardin, reports the disposal of 623 shares of common stock to cover tax liabilities related to vested stock unit awards.
Summary
- Steve Cardin, Vice President of UFP Technologies, Inc., filed a Form 4 with the SEC on March 5, 2025.
- The report details a transaction on March 3, 2025, where 623 shares of common stock were disposed of to cover tax liabilities.
- The shares were withheld at a price of $215.24 per share.
- Following the transaction, Cardin directly owns 5,623 shares of UFP Technologies common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing represents a routine transaction for tax purposes and doesn't indicate any significant change in the company's financial health or management's outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a company executive has sold shares to cover tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock transaction (disposal of shares). |
| 03/05/2025 | Date of Form 4 filing. |
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