Form 4: Unifi Inc. Executive Vice President Meredith Boyd Reports Tax Withholding Transaction
SEC Form 4 Filing
Executive Vice President Meredith Boyd of Unifi Inc. reports the withholding of 212 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 26, 2024, Meredith Suzanne Boyd, an Executive Vice President at Unifi Inc., reported a transaction involving the withholding of 212 shares of common stock.
- The shares were withheld to satisfy tax obligations related to the vesting of restricted stock units granted on October 26, 2021.
- The price per share for the transaction was $6.99.
- Following the transaction, Boyd directly owns 34,522 shares of Unifi Inc. common stock.
- Boyd has granted power of attorney to Andrew J. Eaker and Jeffrey R. Vining to execute and file forms related to securities transactions.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating normal business operations. There are no red flags or particularly positive signals.
Industry Context
This is a routine filing related to executive compensation and stock ownership, 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 Parkdale Mills and Gildan Activewear, which are competitors of Unifi Inc., also utilize similar compensation structures for their executives.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves a small number of shares withheld for tax purposes.
- The filing provides transparency regarding executive compensation and stock ownership, which is relevant to shareholders.
Key Dates
| Date | Description |
|---|---|
| October 26, 2021 | Date of grant for the restricted stock units that vested. |
| February 1, 2024 | Date of the reporting person's 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 reported transaction (stock withholding for tax obligations). |
| October 28, 2024 | Date of execution of the Power of Attorney. |
| October 29, 2024 | Date of signature on the Form 4 filing. |
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