Form 4: UniFirst Executive VP David Katz Sells 550 Shares of Common Stock
SEC Form 4 Filing
David Katz, Executive VP of Sales/Marketing at UniFirst Corp, sold 550 shares of common stock at $175 per share on July 15, 2024.
Summary
- On July 15, 2024, David Martin Katz, Executive VP of Sales/Marketing at UniFirst Corp, sold 550 shares of common stock.
- The transaction was executed at a price of $175 per share.
- Following the transaction, Katz directly owns 6,259 shares of UniFirst Corp common stock, which includes restricted stock units vesting over the next several years.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale itself is a small percentage of the total shares held by the reporting person.
Stakeholder Impact
- The sale of shares by an executive could have a minor psychological impact on shareholders, but the amount is unlikely to be material.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of stock sale transaction |
| 07/17/2024 | Date of Form 4 filing |
| 10/31/2024 | Vesting date for remaining annual installment of 194 restricted stock units |
| 10/31/2025 | Vesting date for remaining annual installment of 468 restricted stock units |
| 10/31/2026 | Vesting date for remaining annual installment of 896 restricted stock units |
| 10/31/2027 | Vesting date for remaining annual installment of 1,418 restricted stock units |
| 10/31/2028 | Vesting date for remaining annual installment of 2,053 restricted stock units |
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