Form 4: UniFirst Executive VP David DiFillippo Reports Stock Transaction
SEC Form 4 Filing
Executive VP of Operations at UniFirst Corp, David DiFillippo, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 31, 2024, David DiFillippo, Executive VP of Operations at UniFirst Corp, reported a transaction involving UniFirst's common stock.
- 531 shares were withheld by UniFirst Corporation to satisfy tax obligations related to the vesting of restricted stock units at a price of $179.81.
- Following the transaction, DiFillippo beneficially owns 9,580 shares of UniFirst common stock.
- This includes 234 restricted stock units vesting on October 31, 2025, 448 restricted stock units vesting in two annual installments on October 31, 2025 and October 31, 2026, 827 restricted stock units vesting in three annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, 1,278 restricted stock units that vest in four equal annual installments on October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028 and 6,793 shares of Common Stock owned by the reporting person.
- A Power of Attorney was executed on August 21, 2024, granting several individuals the authority to act on DiFillippo's behalf in matters related to SEC filings.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is a routine part of executive compensation. Therefore, the sentiment is neutral.
Future Outlook
The document outlines the vesting schedule for restricted stock units over the next four years, indicating future equity compensation for the reporting person.
Industry Context
This is a routine SEC filing related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 2024-08-21 | Date of Power of Attorney execution. |
| 2024-10-31 | Date of stock transaction (shares withheld for tax obligations). |
| 2025-10-31 | First vesting date for some restricted stock units. |
| 2026-10-31 | Second vesting date for some restricted stock units. |
| 2027-10-31 | Third vesting date for some restricted stock units. |
| 2028-10-31 | Final vesting date for some restricted stock units. |
| 2024-11-04 | Date of signature for the report. |
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