Form 4: Unifi Inc. EVP Brian David Moore Reports Tax Withholding Transaction
SEC Form 4 Filing
Brian David Moore, EVP of Unifi Inc., reports the withholding of 163 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 26, 2024, Brian David Moore, an Executive Vice President at Unifi Inc. (UFI), had 163 shares of common stock withheld to satisfy tax obligations.
- This transaction was related to the vesting of restricted stock units granted on October 26, 2021.
- Following the transaction, Moore directly owns 15,057 shares of Unifi Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and subsequent tax withholding, are standard across publicly traded companies.
- Companies like Nike, Adidas, and Under Armour also utilize similar compensation structures for their executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| October 26, 2021 | Date of grant for the restricted stock units that vested. |
| February 1, 2024 | Date of Initial Statement of Beneficial Ownership of Securities on Form 3 filed with the U.S. Securities and Exchange Commission. |
| October 26, 2024 | Date of the transaction (stock withholding for tax obligations). |
| October 28, 2024 | Date of Power of Attorney execution. |
| October 29, 2024 | Date of signature for the Form 4 filing. |
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