Form 4: Unifi Inc. Executive Chairman Albert P. Carey Receives Stock Grant

Albert P. Carey, Executive Chairman of Unifi Inc., received a grant of 51,088 restricted stock units, vesting over three years.

Summary

• On October 29, 2024, Albert P. Carey, Executive Chairman of Unifi Inc., was granted 51,088 restricted stock units.
• These units represent the right to receive one share of Unifi's common stock each.
• The restricted stock units vest over a three-year period: 25% on November 28, 2025, 25% on October 29, 2026, and 50% on October 29, 2027.
• Following this transaction, Carey beneficially owns 243,063 shares of Unifi Inc. common stock.
• Carey has granted power of attorney to Andrew J. Eaker and Jeffrey R. Vining to execute and file SEC forms on his behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The stock grant suggests confidence in the executive and the company's future, but it's a routine transaction.

Positives

• The grant of restricted stock units aligns the Executive Chairman's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the Executive Chairman.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

Stock grants are a common form of executive compensation used to align management's interests with those of shareholders in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages, including stock grants, vary significantly across industries and company sizes.
• Benchmarking against peer companies in the textile or manufacturing sectors would provide a more detailed assessment of the grant's value relative to industry norms.
• Companies like Parkdale Mills or Gildan Activewear could be considered as comparables for executive compensation analysis, although their specific compensation structures may differ.

Stakeholder Impact

• The stock grant could positively impact shareholder sentiment by aligning executive interests with company performance.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates