UNF insider reports SAR exercises, tax withholdings, small sales
Rhea-AI Filing Summary
UniFirst (UNF): An Executive VP, Sales/Marketing reported multiple transactions on 11/03/2025. The insider exercised stock appreciation rights for 1,297 and 1,233 shares (codes M), then disposed of 1,289 and 1,232 shares for tax withholding (code F) at $154.35 and $156.50. Small open-market sales of 8 shares at $155.11 and 1 share at $156.50 (code S) were made pursuant to a Rule 10b5-1(c) plan adopted on July 30, 2025. Following these moves, beneficial ownership stood at 6,059 shares, including restricted stock units vesting through 2028.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 with SAR exercises, tax withholdings, minor sales.
The filing lists two stock appreciation right exercises (1,297 and 1,233 shares) and related share dispositions for tax withholding at prices of $154.35 and $156.50. It also records small sales of 8 and 1 share, with one price at $155.11 and one at $156.50, executed under a Rule 10b5-1(c) plan adopted on July 30, 2025.
After these transactions, the insider reported beneficial ownership of 6,059 shares, which the footnotes state includes restricted stock units with vesting dates on October 31, 2026, October 31, 2027, and October 31, 2028. This is a routine administrative update; actual impact depends on holder decisions and future vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 1,233 | $0.00 | -- |
| Exercise | Stock Appreciation Right | 1,297 | $0.00 | -- |
| Exercise | Common Stock | 1,297 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,289 | $154.35 | $199K |
| Sale | Common Stock | 8 | $155.11 | $1K |
| Exercise | Common Stock | 1,233 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,232 | $156.50 | $193K |
| Sale | Common Stock | 1 | $156.50 | $156.50 |
Footnotes (1)
- Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on July 30, 2025. 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 and 2,694 shares of Common Stock owned by the reporting person.