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. sold 1,354 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Meredith Suzanne Boyd, an Executive Vice President at Unifi Inc., reported a transaction involving the company's common stock.
- On January 18, 2025, Ms. Boyd disposed of 1,354 shares of common stock at a price of $6.31 per share.
- This transaction was to cover tax withholding obligations related to the vesting of restricted stock units granted on December 19, 2023.
- Following the transaction, Ms. Boyd beneficially owns 67,489 shares of Unifi Inc. common stock.
Sentiment
Score: 5
Explanation: The document reports a routine stock transaction related to executive compensation, which is neither positive nor negative for the company's overall performance.
Industry Context
This is a routine transaction related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies.
- The sale of shares to cover tax obligations is a standard practice when restricted stock units vest.
- Similar transactions are regularly reported by executives at comparable companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 12/19/2023 | Date of grant of restricted stock units. |
| 02/01/2024 | Date of filing of Initial Statement of Beneficial Ownership of Securities on Form 3. |
| 01/18/2025 | Date of the stock transaction. |
| 01/22/2025 | Date of signature of the report. |
Keywords
Unifi Inc, stock transaction, insider trading, Meredith Suzanne Boyd, executive compensation, restricted stock units, tax withholding
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