Form 4: Unifi Inc. Executive Vice President Meredith Suzanne Boyd Reports Stock Transaction
SEC Form 4
Executive Vice President Meredith Suzanne Boyd of Unifi Inc. reports the disposal of 638 common stock shares to cover tax obligations related to vested restricted stock units.
Summary
- Meredith Suzanne Boyd, an Executive Vice President at Unifi Inc., reported a transaction involving the company's common stock.
- On December 6, 2024, Ms. Boyd disposed of 638 shares of common stock.
- 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.
- Following the transaction, Ms. Boyd beneficially owns 68,843 shares of Unifi Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and is common in publicly traded companies. It does not indicate any specific trend or issue within the textile industry.
Comparison to Industry Standards
- Executive stock transactions are a common practice across publicly listed companies, including those in the textile industry.
- The sale of shares to cover tax obligations is a standard procedure when restricted stock units vest.
- Comparable companies in the textile sector also have similar executive compensation structures that include stock-based awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/06/2023 | Date of grant of restricted stock units that vested and triggered the tax obligation. |
| 02/01/2024 | Date of the reporting person's Initial Statement of Beneficial Ownership of Securities on Form 3. |
| 12/06/2024 | Date of the stock transaction where 638 shares were disposed of. |
| 12/10/2024 | Date of signature of the SEC Form 4. |
Keywords
Unifi Inc, stock transaction, Meredith Suzanne Boyd, executive compensation, restricted stock units, tax withholding, insider trading, SEC Form 4
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