Form 4 for UNF UNIFIRST CORP
Accepted 2024-11-22 00:00:00 ET · period of report 2024-11-19 · accession 0000950170-24-130129 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2024-11-22 | 2024-11-19 | UNF | Sintros Steven S | Pres, CEO, Dir | S - Sale | $193.04 | -3,207 | 22.7K | -12% | -$619.1K |
| DMT | 2024-11-22 | 2024-11-19 | UNF | Sintros Steven S | Pres, CEO, Dir | A - Grant | $0.00 | +8,089 | 25.7K | +46% | $0 |
| DMT | 2024-11-22 | 2024-11-19 | UNF | Sintros Steven S | Pres, CEO, Dir | F - Tax | $192.83 | -1,760 | 22.3K | -7% | -$339.4K |
| DT | 2024-11-22 | 2024-11-19 | UNF | Sintros Steven S | Pres, CEO, Dir | A - Grant | $0.00 | +6,807 | 6,807 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-11-19 | S | D | 114 | $194.39 | 22,571 | D | — | — | (F1) Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on August 16, 2024. (F4) The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $194.31 to $194.50, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range. |
| 2 | Common | Common Stock | 2024-11-19 | A | A | 4,668 | $0.00 | 28,900 | D | — | — | (F7) Represents restricted stock units granted under the UniFirst Corporation 2023 Stock Option and Incentive Plan (the "2023 Plan"). Such restricted stock units vest in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027. (F8) Consists of (i) 16,081 shares of Common Stock owned by the reporting person, (iii) 645 restricted stock units that will vest in one remaining annual installment on November 19, 2025, (iv) 1,493 restricted stock units that vest in two remaining equal annual installments on October 31, 2025 and October 31, 2026, (v) 2,363 restricted stock units that vest in three remaining equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027, (vi) 3,650 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 (vii) 4,668 restricted stock units that vest in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027 |
| 3 | Common | Common Stock | 2024-11-19 | F | D | 1,487 | $192.83 | 24,232 | D | — | — | (F5) Represents shares of Common Stock withheld by UniFirst Corporation to satisfy certain tax withholding obligations in connection with the vesting of certain restricted stock units. |
| 4 | Common | Common Stock | 2024-11-19 | S | D | 1,771 | $192.60 | 24,007 | D | — | — | (F1) Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on August 16, 2024. (F2) The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.06 to $192.95, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range. |
| 5 | Common | Common Stock | 2024-11-19 | S | D | 1,322 | $193.52 | 22,685 | D | — | — | (F1) Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on August 16, 2024. (F3) The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $193.10 to $194.00, inclusive. The reporting person undertakes to provide to UniFirst Corporation, any security holder of UniFirst Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range. |
| 6 | Common | Common Stock | 2024-11-19 | F | D | 273 | $192.83 | 22,298 | D | — | — | (F5) Represents shares of Common Stock withheld by UniFirst Corporation to satisfy certain tax withholding obligations in connection with the vesting of certain restricted stock units. |
| 7 | Common | Common Stock | 2024-11-19 | A | A | 3,421 | $0.00 | 25,719 | D | — | — | (F6) Represents restricted stock units that were earned based on the achievement of certain performance criteria and which vested. |
| 8 | Derivative | Stock Appreciation Right | 2024-11-19 | A | A | 6,807 | $0.00 | 6,807 | D | $192.83 · — to 2034-11-19 | 6,807 Common Stock ($0.10 par value) | (F9) This stock appreciation right, which was granted under the 2023 Plan, becomes vested and exercisable in three equal annual installments on October 31, 2025, October 31, 2026 and October 31, 2027. This stock appreciation right is required to be settled in stock at the time of exercise. |