Form 4: Unifi Inc. Executive Vice President Hongjun Ning Reports Stock Transactions
SEC Form 4
Hongjun Ning, Executive Vice President of Unifi Inc., reports the vesting and subsequent disposal of restricted stock units for cash.
Summary
- On November 6, 2024, Hongjun Ning, an Executive Vice President at Unifi Inc., had 3,961 restricted stock units vest.
- These units were settled in cash at a price of $6.34 per share.
- The transaction was executed pursuant to a previously established plan under Rule 10b5-1(c).
- Following the transaction, Ning directly owns 11,883 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard disclosure of stock transactions by an executive.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting and cash settlement of restricted stock units, which is part of the executive compensation plan.
Key Dates
| Date | Description |
|---|---|
| 11/06/2023 | Reporting person was granted 15,844 restricted stock units. |
| 11/06/2024 | Date of transaction: 3,961 restricted stock units vested and were disposed of for cash. |
| 11/06/2024 | 25% of the restricted stock units vest. |
| 11/06/2025 | 25% of the restricted stock units vest. |
| 11/06/2026 | 50% of the restricted stock units vest. |
| 11/08/2024 | Date of signature for the Form 4 filing. |
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