Form 4: Unifi Inc. Executive Andrew Eaker Disposes of Shares to Cover Tax Obligations

Executive Vice President, CFO, and Treasurer of Unifi Inc., Andrew Eaker, disposed of 445 shares of common stock to cover tax obligations related to a previous vesting of restricted stock units.

Summary

• Andrew Eaker, EVP, CFO, and Treasurer of Unifi Inc., disposed of 445 shares of common stock on December 6, 2024.
• The shares were sold at a price of $5.59 per share.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock units granted on November 8, 2023.
• Following the transaction, Mr. Eaker directly owns 71,767 shares of Unifi Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no significant positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions to cover tax obligations are a standard practice across publicly listed companies.
• The number of shares sold and the price are not unusual for this type of transaction.
• Similar transactions are regularly reported by executives in comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.

Key Dates

Keywords

Unifi Inc, Andrew Eaker, stock disposal, tax obligations, restricted stock units, executive transaction, Form 4