Stock awards for UFP Technologies (NASDAQ: UFPT) senior vice president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UFP Technologies Senior Vice President Christopher P. Litterio reported stock-based awards tied to company performance and service. On February 10, 2026, he acquired 821 shares of common stock at $0, reflecting performance-based restricted stock units granted on February 11, 2025 under the 2003 Incentive Plan.
He also acquired 1,215 shares at $0 from time-based stock unit awards granted on February 10, 2026. After these awards, he directly held 12,792 shares of common stock. The performance units vest in thirds each March 1 from 2026 through 2028, and the time-based units vest in thirds each March 1 from 2027 through 2029, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Litterio Christopher P.
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.01 Par Value | 821 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 1,215 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $.01 Par Value — 11,577 shares (Direct)
Footnotes (1)
- Represents restricted stock units granted on February 11, 2025, under the Issuer's 2003 Incentive Plan subject to satisfaction of performance targets that are to be settled solely in shares of common stock. The transaction date represents the date on which the Issuer's Compensation Committee determined the performance targets were achieved. The units vest with respect to one-third of the shares on March 1, 2026 and with respect to an additional one-third on each of March 1, 2027 and 2028, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date. Represents stock unit awards granted on February 10, 2026, under the Issuer's 2003 Incentive Plan the vesting under which is solely time-based, that are to be settled solely in shares of common stock. The units vest with respect to one-third of the shares on March 1, 2027 and with respect to an additional one-third on each of March 1, 2028 and 2029, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.
FAQ
What insider transaction did UFPT executive Christopher Litterio report?
Christopher P. Litterio reported acquiring stock-based awards in UFP Technologies common stock at $0 per share. These reflect performance-based and time-based stock units under the company’s 2003 Incentive Plan that will settle solely in common shares over future vesting dates.
What are the vesting terms of the February 2025 performance-based units at UFPT?
The performance-based restricted stock units granted February 11, 2025 vest in three equal parts on March 1, 2026, March 1, 2027, and March 1, 2028, provided Christopher P. Litterio remains continuously employed with UFP Technologies on each respective vesting date.
What are the vesting terms of the February 2026 time-based stock units at UFPT?
The time-based stock unit awards granted February 10, 2026 vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029. Vesting requires Christopher P. Litterio’s continuous employment with UFP Technologies through each applicable vesting date.
Is the UFPT executive’s stock award tied to performance conditions?
Part of the award is performance-based. Units granted February 11, 2025 depended on achieving performance targets, which the compensation committee determined were met, and these units will vest over three years subject to continued employment with UFP Technologies.