UNIFI EVP Ning converts 7,922 restricted stock units
The award was granted on November 6, 2023, with 50% of its 15,844 restricted stock units scheduled to vest on November 6, 2026.
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Rhea-AI Filing Summary
UNIFI Inc. EVP Hongjun Ning reported conversion of 7,922 restricted stock units and acquisition of 7,922 common shares on November 6, 2026; a separate transaction records 7,922 common shares returned to the issuer at $5.93 per share. The units are settled in cash under the grant terms, and the derivative row reports 0 units following the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 7,922 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7,922 | -- | -- |
| Disposition | Common Stock | 7,922 | $5.93 | $47K |
Footnotes (2)
- F1. Each restricted stock unit is the economic equivalent of one share of the issuer's common stock and, pursuant to the terms of the grant, is settled in cash.
- F2. On November 6, 2023, the reporting person was granted 15,844 restricted stock units, with 25% vesting on November 6, 2024, 25% vesting on November 6, 2025, and 50% vesting on November 6, 2026.
Key Figures
Key Terms
restricted stock unit financial
settled in cash financial
vesting financial
FAQ
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When were UFI's restricted stock units granted, and how did they vest?
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