UFP Technologies (UFPT) director receives 802 restricted stock units vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CROTEAU DANIEL C reported acquisition or exercise transactions in this Form 4 filing.
UFP Technologies director Daniel C. Croteau received an equity award of 802 restricted stock units of Common Stock. These units were granted at no cash cost to him under the company’s 2009 Non-Employee Director Stock Incentive Plan and will settle solely in shares of Common Stock. The award vests in full on May 31, 2027, provided he continues serving as a director through that date. After this grant, he holds a total of 1,657 shares of UFP Technologies common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CROTEAU DANIEL C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.01 Par Value | 802 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $.01 Par Value — 1,657 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 802 units
Grant price: $0.00 per share
Post-transaction holdings: 1,657 shares
+1 more
4 metrics
RSU grant size
802 units
Restricted stock units granted to director on June 4, 2026
Grant price
$0.00 per share
Equity award granted at no cash cost to director
Post-transaction holdings
1,657 shares
Total UFP Technologies common shares held directly after grant
Vesting date
May 31, 2027
RSUs vest 100% on this date if service continues
Key Terms
restricted stock units, 2009 Non-Employee Director Stock Incentive Plan, vest, Common Stock, $.01 Par Value
4 terms
restricted stock units financial
"Represents restricted stock units issued under the issuer's 2009 Non-Employee Director Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2009 Non-Employee Director Stock Incentive Plan financial
"issued under the issuer's 2009 Non-Employee Director Stock Incentive Plan that are to be settled solely"
vest financial
"The units vest with respect to 100% of the shares on May 31, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock, $.01 Par Value financial
"security_title: Common Stock, $.01 Par Value"
FAQ
What insider transaction did UFP Technologies (UFPT) report for Daniel C. Croteau?
UFP Technologies reported that director Daniel C. Croteau received a grant of 802 restricted stock units. These units are part of his board compensation and will convert into common shares upon vesting, rather than being purchased in the open market.
What are the vesting terms of Daniel C. Croteau’s restricted stock units at UFP Technologies (UFPT)?
The 802 restricted stock units vest 100% on May 31, 2027. Vesting is conditional on Daniel C. Croteau continuing to serve as a director of UFP Technologies through that date, at which point the units will be settled solely in shares of common stock.
Under which plan were the UFP Technologies (UFPT) restricted stock units granted to Daniel C. Croteau?
The 802 restricted stock units were granted under UFP Technologies’ 2009 Non-Employee Director Stock Incentive Plan. This plan provides equity-based compensation to non-employee directors, with awards settling solely in shares of common stock upon satisfaction of vesting conditions.