Form 4: UniFirst Executive VP Shane O'Connor Reports Tax Withholding Transaction
SEC Form 4
Executive VP and CFO of UniFirst Corporation, Shane O'Connor, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 31, 2024, UniFirst Corporation withheld 687 shares of common stock from Executive VP and CFO Shane O'Connor to satisfy tax withholding obligations.
- The price per share for the transaction was $179.81.
- Following the transaction, O'Connor directly owns 5,528 shares of UniFirst common stock.
- This includes 234 restricted stock units vesting on October 31, 2025, 672 restricted stock units vesting in two annual installments on October 31, 2025 and October 31, 2026, 1,182 restricted stock units vesting in three annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, 1,825 restricted stock units vesting in four annual installments on October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028 and 1,615 shares of Common Stock owned by the reporting person.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of the transaction where 687 shares were withheld for tax obligations. |
| 10/31/2025 | Date when 234 restricted stock units vest. |
| 10/31/2025 | Date when the first installment of 672 restricted stock units vest. |
| 10/31/2026 | Date when the second installment of 672 restricted stock units vest. |
| 10/31/2025 | Date when the first installment of 1,182 restricted stock units vest. |
| 10/31/2026 | Date when the second installment of 1,182 restricted stock units vest. |
| 10/31/2027 | Date when the third installment of 1,182 restricted stock units vest. |
| 10/31/2025 | Date when the first installment of 1,825 restricted stock units vest. |
| 10/31/2026 | Date when the second installment of 1,825 restricted stock units vest. |
| 10/31/2027 | Date when the third installment of 1,825 restricted stock units vest. |
| 10/31/2028 | Date when the fourth installment of 1,825 restricted stock units vest. |
| 11/04/2024 | Date of signature by Attorney-in-Fact. |
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