Form 4: UniFirst Executive VP David Katz Sells Shares Under 10b5-1 Trading Plan

David Katz, Executive VP of Sales/Marketing at UniFirst Corp, sold 1,299 shares of common stock at $210.95 per share on February 18, 2025, under a pre-arranged trading plan.

Summary

• On February 18, 2025, David Katz, Executive VP of Sales/Marketing at UniFirst Corp, sold 1,299 shares of common stock at a price of $210.95 per share.
• The sale was executed under a trading plan adopted on November 15, 2024, intended to comply with Rule 10b5-1(c).
• Following the transaction, Katz directly owns 6,455 shares of UniFirst common stock.
• This includes 234 restricted stock units vesting on October 31, 2025, 598 restricted stock units vesting in two installments on October 31, 2025 and October 31, 2026, 1,064 restricted stock units vesting in three installments on October 31, 2025, October 31, 2026 and October 31, 2027, 1,643 restricted stock units vesting in four installments on October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028, 1,686 restricted stock units that vest in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027 and 1,230 shares of Common Stock owned by the reporting person.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a stock sale by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales by company executives are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan provides a legal framework for insiders to sell shares.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, UniFirst Corp, David Katz, Stock Sale, Rule 10b5-1, Executive VP, UNF