Form 4: UniFirst Executive VP David Katz Reports Stock Transaction
SEC Form 4
David Katz, Executive VP of Sales/Marketing at UniFirst Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 31, 2024, David Katz, Executive VP of Sales/Marketing at UniFirst Corp, had 634 shares of common stock withheld by the company to cover tax obligations related to vesting restricted stock units at a price of $179.81.
- Following the transaction, Katz directly owns 5,625 shares of UniFirst common stock.
- This includes 234 restricted stock units vesting annually on October 31, 2025, 598 restricted stock units vesting in two annual installments on October 31, 2025 and October 31, 2026, 1,064 restricted stock units vesting in three annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, 1,643 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 2,086 shares of Common Stock owned by the reporting person.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices. It doesn't suggest any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| August 19, 2024 | Date of Power of Attorney execution. |
| October 31, 2024 | Date of stock transaction (tax withholding). |
| October 31, 2025 | Vesting date for remaining equal annual installment of 234 restricted stock units. |
| October 31, 2025 | Vesting date for first of two remaining equal annual installments of 598 restricted stock units. |
| October 31, 2026 | Vesting date for second of two remaining equal annual installments of 598 restricted stock units. |
| October 31, 2025 | Vesting date for first of three remaining equal annual installments of 1,064 restricted stock units. |
| October 31, 2026 | Vesting date for second of three remaining equal annual installments of 1,064 restricted stock units. |
| October 31, 2027 | Vesting date for third of three remaining equal annual installments of 1,064 restricted stock units. |
| October 31, 2025 | Vesting date for first of four equal annual installments of 1,643 restricted stock units. |
| October 31, 2026 | Vesting date for second of four equal annual installments of 1,643 restricted stock units. |
| October 31, 2027 | Vesting date for third of four equal annual installments of 1,643 restricted stock units. |
| October 31, 2028 | Vesting date for fourth of four equal annual installments of 1,643 restricted stock units. |
| November 04, 2024 | Date of signature by Attorney-in-Fact. |
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