Form 4: UNIFIRST Director Sells Shares for Tax Obligations

UniFirst Director Matthew Croatti disposed of 272 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Matthew Croatti, a Director and 10% owner of UniFirst Corp, reported a transaction on October 31, 2025.
• 272 shares of UniFirst Common Stock were disposed of at a price of $154.35 per share.
• This disposition was made to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• Following this transaction, Croatti beneficially owns 10,266 shares of UniFirst Common Stock, which includes 9,134 directly owned shares and various tranches of restricted stock units scheduled to vest through October 31, 2028.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neither inherently positive nor negative for the company's operational or financial outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

The filing details the vesting schedule for various tranches of restricted stock units held by the reporting person, with installments occurring on October 31, 2026, October 31, 2027, and October 31, 2028.

Industry Context

This filing is a routine insider transaction disclosure and does not provide information relevant to broader industry trends or competitive landscape.

Comparison to Industry Standards

• NA

Related Party Transactions

• The disposition of shares by Matthew Croatti, a Director, to UniFirst Corporation to satisfy tax withholding obligations related to restricted stock unit vesting is a routine transaction between a related party (insider) and the issuer.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine insider transaction for tax purposes, not indicative of a change in company fundamentals or insider sentiment.

Next Steps

• Vesting of 94 restricted stock units on October 31, 2026.
• First annual installment vesting for 237, 411, and 390 restricted stock units on October 31, 2026.
• Second annual installment vesting for 237, 411, and 390 restricted stock units on October 31, 2027.
• Third annual installment vesting for 411 restricted stock units on October 31, 2028.

Key Dates

Keywords

UNIFIRST, UNF, Form 4, insider transaction, stock sale, tax withholding, restricted stock units, Matthew Croatti