Form 4: UniFirst Corp CEO Steven Sintros Reports Stock Transaction
SEC Form 4
Steven Sintros, President and CEO of UniFirst Corp, reports the withholding of 1,037 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 31, 2024, Steven Sintros, the President and CEO of UniFirst Corp, had 1,037 shares of common stock withheld by the company to satisfy tax obligations.
- This transaction occurred at a price of $179.81 per share.
- Following the transaction, Sintros beneficially owns 25,778 shares of UniFirst Corp common stock.
- This total includes directly owned shares and restricted stock units vesting over the next several years.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of stock transaction where 1,037 shares were withheld for tax obligations. |
| 11/19/2024 | Date when a portion of restricted stock units will vest. |
| 11/19/2025 | Date when a portion of restricted stock units will vest. |
| 10/31/2025 | Date when a portion of restricted stock units will vest. |
| 10/31/2026 | Date when a portion of restricted stock units will vest. |
| 10/31/2027 | Date when a portion of restricted stock units will vest. |
| 10/31/2028 | Date when a portion of restricted stock units will vest. |
| 11/04/2024 | Date of signature on the Form 4 filing. |
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