Form 4: Unifirst Corp Director Exercises Stock Appreciation Rights
SEC Form 4 Filing
Raymond C. Zemlin, a director at Unifirst Corp, exercised stock appreciation rights (SARs) resulting in the acquisition and disposal of common stock on January 13, 2025.
Summary
- On January 13, 2025, Raymond C. Zemlin, a director of Unifirst Corp, exercised 988 stock appreciation rights (SARs) immediately before their expiration.
- This transaction resulted in the acquisition of 988 shares of common stock.
- Simultaneously, Zemlin disposed of 595 shares of common stock at a price of $220.7 per share.
- Following these transactions, Zemlin directly owns 3,468 shares of Unifirst Corp common stock.
- The SARs were exercised according to the terms of the award agreement, and no shares acquired upon exercise were sold.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/13/2025 | Date of earliest transaction: Exercise of stock appreciation rights and disposal of common stock. |
| 01/15/2025 | Date of signature by Attorney-in-Fact. |
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