Form 4: UniFirst Corp Executive VP and CFO Shane O'Connor Reports Stock Sale
SEC Form 4 Filing
Shane O'Connor, Executive VP and CFO of UniFirst Corp, reported the sale of 1,185 shares of common stock at a price of $183.53 per share on August 12, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 12, 2024, Shane O'Connor, Executive VP and CFO of UniFirst Corp, sold 1,185 shares of common stock at $183.53 per share.
- Following the transaction, O'Connor directly owns 6,215 shares of UniFirst Corp.
- The sale was executed under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on May 10, 2024.
- O'Connor also holds restricted stock units that will vest in annual installments through October 31, 2028.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| May 10, 2024 | Date of adoption of the Rule 10b5-1(c) trading plan. |
| August 12, 2024 | Date of the stock sale transaction. |
| August 14, 2024 | Date of the Power of Attorney execution. |
| October 31, 2024 | Vesting date for some of the restricted stock units. |
| October 31, 2025 | Vesting date for some of the restricted stock units. |
| October 31, 2026 | Vesting date for some of the restricted stock units. |
| October 31, 2027 | Vesting date for some of the restricted stock units. |
| October 31, 2028 | Final vesting date for some of the restricted stock units. |
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