Form 4: Unifi EVP Meredith Boyd Reports Stock Vesting Tax Withholding
Insider Transaction Report
Unifi's Executive Vice President, Meredith Boyd, reported the disposition of 633 common shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- Meredith Suzanne Boyd, Executive Vice President of Unifi Inc. (UFI), reported a transaction on November 6, 2025.
- The transaction involved the disposition of 633 shares of Unifi Common Stock.
- These shares were withheld at a price of $4.15 per share to satisfy tax withholding obligations.
- The withholding was in connection with the second vesting date of restricted stock units granted on November 6, 2023.
- Following this transaction, Meredith Boyd beneficially owns 66,856 shares of Unifi Common Stock directly.
Sentiment
Score: 5
Explanation: The filing reports a standard tax withholding transaction related to the vesting of restricted stock units, which is a neutral event regarding company performance or future prospects.
Positives
- Vesting of restricted stock units indicates the fulfillment of employment conditions and compensation for the EVP.
Negatives
- Disposition of shares, even for tax purposes, reduces the insider's direct ownership slightly.
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Meredith S. Boyd granted a Power of Attorney to Andrew J. Eaker, Wesley M. Suttle, and Greer B. Taylor to prepare, execute, and file SEC forms (including Forms 3, 4, 5, 13D, 13G, and 144) on her behalf as an officer, director, and/or shareholder of Unifi, Inc. | 2025-11-05 | Enhances efficiency and compliance for insider reporting requirements by delegating administrative tasks to designated attorneys-in-fact. |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Provides transparency on executive compensation and insider ownership changes, though the impact of this specific tax withholding is minimal.
- Employees: Reflects the company's executive compensation structure, which includes restricted stock units.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2023-11-06 | Grant date of restricted stock units. |
| 2024-02-01 | Date of Initial Statement of Beneficial Ownership of Securities on Form 3. |
| 2025-11-05 | Date Power of Attorney was executed by Meredith S. Boyd. |
| 2025-11-06 | Transaction date for shares withheld for tax obligations upon second vesting of restricted stock units. |
| 2025-11-10 | Date Form 4 was signed by attorney-in-fact. |
Recommendation
holdThis Form 4 reports a routine tax withholding event associated with the vesting of restricted stock units for an executive. Such transactions are expected as part of executive compensation and do not typically reflect a change in the company's fundamental performance or outlook. Therefore, it does not provide new information that would alter an existing investment thesis, warranting a 'hold' recommendation.
Keywords
Unifi, UFI, Form 4, insider transaction, stock vesting, restricted stock units, tax withholding, executive compensation
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