Form 4: Unifirst Corp Director Michael Iandoli Reports Stock Transactions
SEC Form 4 Filing
Director Michael Iandoli reports multiple transactions involving Unifirst Corp stock and stock appreciation rights on July 31, 2024.
Summary
- On July 31, 2024, Michael Iandoli, a director of Unifirst Corp, engaged in several transactions involving the company's common stock and stock appreciation rights.
- Iandoli exercised stock appreciation rights to acquire a total of 3,815 shares of common stock at $0 per share.
- He then disposed of 3,525 shares of common stock through sales at prices ranging from $193.63 to $196.14.
- Following these transactions, Iandoli directly owns 4,744 shares of Unifirst Corp common stock.
- The transactions were reported on a Form 4 filing with the SEC on August 2, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by a company director, with no inherent positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 01/12/2018 | Date stock appreciation right was exercisable |
| 10/26/2020 | Date stock appreciation right was exercisable |
| 11/28/2022 | Date stock appreciation right was exercisable |
| 10/31/2023 | Date stock appreciation right was exercisable |
| 01/12/2026 | Expiration date of stock appreciation right |
| 10/26/2028 | Expiration date of stock appreciation right |
| 11/28/2030 | Expiration date of stock appreciation right |
| 10/31/2031 | Expiration date of stock appreciation right |
| 07/31/2024 | Date of stock transactions |
| 08/02/2024 | Date of Form 4 filing |
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