UFP Technologies (UFPT) CEO logs tax-withholding of 9,422 vested shares
Rhea-AI Filing Summary
UFP Technologies CEO Jeffrey R. Bailly reported a Form 4 transaction showing a tax-withholding disposition of company stock rather than an open-market trade. On stock units that vested on March 2, 2026, 9,422 shares of common stock at $204.30 per share were withheld to cover tax liabilities. After this withholding, he directly owns 170,163 shares of UFP Technologies common stock. A footnote adds that he also has an indirect interest in 28,706 shares held by a trust, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
CEO’s Form 4 shows routine tax withholding on vested stock units, not an open-market sale.
The transaction reflects shares withheld to pay taxes on stock unit awards granted in 2023, 2024 and 2025 that vested on March 2, 2026. The code F and description specify payment of tax liability by delivering securities, which is standard for equity compensation.
Because the transaction is for tax withholding, it does not indicate discretionary buying or selling by the CEO. After the disposition of 9,422 shares at $204.30 per share, he continues to hold 170,163 directly owned shares, plus an indirect interest in 28,706 shares held by a trust, where he disclaims full beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $.01 Par Value | 9,422 | $204.30 | $1.92M |
Footnotes (1)
- Represents shares withheld to cover tax liability with respect to stock unit awards granted in 2023, 2024 and 2025 that vested on March 2, 2026. The reporting person also holds 28,706 shares of UFP Technologies, Inc. indirectly by Trust. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of any or all of the reported shares for purposes of Section 16 or any other purpose.