Form 4: Unifi Inc. Executive Vice President Hongjun Ning Reports Transaction in Company Stock
SEC Form 4 Filing
Hongjun Ning, Executive Vice President of Unifi Inc., reports the vesting and settlement of restricted stock units resulting in the disposition of common stock.
Summary
- On October 26, 2024, Hongjun Ning, an Executive Vice President at Unifi Inc., had 3,572 restricted stock units vest and settle.
- These units were settled in cash and are the economic equivalent of one share of Unifi Inc.'s common stock.
- The transaction involved the disposition of 3,572 shares of common stock at a price of $6.99 per share.
- The restricted stock units were granted on October 26, 2021, and vested in three tranches: 25% on October 26, 2022, 25% on October 26, 2023, and 50% on October 26, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/26/2021 | Date the reporting person was granted 7,144 restricted stock units. |
| 10/26/2022 | 25% of the restricted stock units vested. |
| 10/26/2023 | 25% of the restricted stock units vested. |
| 10/26/2024 | 50% of the restricted stock units vested; transaction date for the reported disposition of shares. |
| 10/28/2024 | Date of Power of Attorney execution. |
| 10/29/2024 | Date of signature for the Form 4 filing. |
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