UFP Technologies (UFPT) CFO reports new stock unit awards and increased holdings
Rhea-AI Filing Summary
UFP Technologies Chief Financial Officer Ronald J. Lataille reported stock-based awards that increase his direct common stock holdings. On February 10, 2026, he acquired 2,463 shares at $0 per share upon achievement of performance targets under the 2003 Incentive Plan, bringing his direct holdings to 15,460 shares.
He also acquired 3,115 time-based stock unit awards to be settled solely in common shares at $0 per share, increasing his direct holdings reported to 18,575 shares. The performance-based units vest in three equal installments on March 1, 2026, 2027, and 2028, while the time-based awards vest in three equal installments on March 1, 2027, 2028, and 2029, subject to continued employment. In addition to these direct holdings, he also owns 38,940 shares of UFP Technologies, Inc. indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.01 Par Value | 2,463 | $0.00 | -- |
| Grant/Award | Common Stock, $.01 Par Value | 3,115 | $0.00 | -- |
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. The reporting person also owns 38,940 shares of UFP Technologies, Inc. indirectly.