UniFirst (UNF) EVP granted restricted stock units and stock appreciation right
Rhea-AI Filing Summary
UniFirst Corporation executive reports new equity awards. An Executive VP of Sales/Marketing received 1,866 shares of UniFirst common stock on 12/16/2025 as restricted stock units at a price of $0 per share, increasing the executive’s directly held common stock and restricted stock units to 7,925 shares. These restricted stock units were granted under the UniFirst Corporation 2023 Stock Option and Incentive Plan as annual grants for fiscal 2026 and vest in three equal installments on October 31, 2026, October 31, 2027 and October 31, 2028.
The executive was also granted a stock appreciation right covering 2,676 shares of common stock with a conversion or exercise price of $174.2 per share, expiring on December 16, 2035. This stock appreciation right, also granted under the 2023 Plan, vests in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028 and must be settled in stock when exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Right | 2,676 | $0.00 | -- |
| Grant/Award | Common Stock | 1,866 | $0.00 | -- |
Footnotes (1)
- Represents restricted stock units granted under the UniFirst Corporation 2023 Stock Option and Incentive Plan (the "2023 Plan"). Such restricted stock units vest in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028. These are annual grants for fiscal 2026. Consists of 299 restricted stock units that vest in one remaining annual installment on October 31, 2026, 709 restricted stock units that vest in two remaining equal annual installments on October 31, 2026 and October 31, 2027, 1,232 restricted stock units that vest in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028, 1,125 restricted stock units that vest in two equal annual installments on October 31, 2026 and October 31, 2027, 2,676 restricted stock units that vest in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028 and 2,694 shares of Common Stock owned by the reporting person. This stock appreciation right, which was granted under the 2023 Plan, becomes vested and exercisable in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028. This stock appreciation right is required to be settled in stock at the time of exercise.
FAQ
What insider transaction did UniFirst (UNF) report on this Form 4?
The filing reports that an Executive Vice President of Sales/Marketing at UniFirst Corporation received 1,866 restricted stock units of common stock on December 16, 2025 and a stock appreciation right covering 2,676 shares, both granted under the 2023 Stock Option and Incentive Plan.
What are the vesting dates for the new restricted stock units granted by UniFirst (UNF)?
The 1,866 restricted stock units granted on December 16, 2025 vest in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028, according to the explanation of responses.
What are the key terms of the new stock appreciation right reported for UniFirst (UNF)?
The stock appreciation right covers 2,676 shares of UniFirst common stock with an exercise price of $174.2 per share and an expiration date of December 16, 2035. It vests in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028 and must be settled in stock when exercised.
Are the UniFirst (UNF) equity awards part of a specific plan or program?
Yes. Both the restricted stock units and the stock appreciation right are granted under the UniFirst Corporation 2023 Stock Option and Incentive Plan, with the restricted stock units described as annual grants for fiscal 2026.
Does this UniFirst (UNF) Form 4 indicate the transaction is under Rule 10b5-1?
The form includes a checkbox to indicate whether a transaction was made under a Rule 10b5-1(c) trading plan, but the provided content does not show that box as checked for this reporting person.