Unifi director Kenneth G. Langone gets 17,892 stock units
The 17,892 units vest in four 25% installments, with the final installment on the date of the 2027 annual shareholder meeting.
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Rhea-AI Filing Summary
Kenneth G. Langone, a Unifi Inc. director and 10% owner, received 17,892 restricted stock units on October 27, 2026, for director service. The units vest in four 25% installments: January 27, April 27 and July 27, 2027, and the date of the 2027 annual shareholder meeting. They convert into an equivalent number of common shares following termination of director service. After the grant, the reported direct position was 2,509,948 common shares. The report also lists 30,000 shares held by his wife, for which Langone disclaims beneficial ownership, and 130,000 shares held by Invemed Associates LLC; his disclaimer for the LLC holdings covers securities exceeding his pecuniary interest or not actually distributed to him.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 17,892 | $0.00 | $0.00 |
| Holding | Common Stock F2 | -- | -- | -- |
| Holding | Common Stock F3 | -- | -- | -- |
Footnotes (3)
- F1. Represents a grant of restricted stock units from the issuer for service as a director of the issuer. The restricted stock units will vest over a one-year period coinciding with the reporting person's election to the Board of Directors until the 2027 annual shareholder meeting, with 25% vesting on January 27, 2027; 25% vesting on April 27, 2027; 25% vesting on July 27, 2027; and the final 25% vesting on the date of the 2027 annual shareholder meeting. The restricted stock units will be converted into an equivalent number of shares of the issuer's common stock following the reporting person's termination of service as a director of the issuer.
- F2. The reporting person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3. The reporting person is the principal equity holder and previously served as Chairman and CEO of Invemed Associates LLC. Pursuant to Instruction (4)(b)(iv) of Form 4, the reporting person has elected to report as indirectly beneficially owned the entire number of securities beneficially owned by such entity. The reporting person disclaims beneficial ownership of any securities, and any proceeds thereof, that exceed his pecuniary interest therein and/or are not actually distributed to him.
Key Figures
Key Terms
restricted stock units financial
beneficial ownership financial
pecuniary interest financial
FAQ
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How many restricted stock units did Unifi Inc. director Kenneth G. Langone receive?
When do Kenneth G. Langone's Unifi Inc. restricted stock units vest?
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