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River Road reports 3.9% UniFirst (NYSE: UNF) stake in Schedule 13D/A

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

River Road Asset Management, LLC filed Amendment No. 3 to its Schedule 13D on UniFirst Corp, reporting beneficial ownership of 571,761 shares, or 3.9% of the common stock. River Road is a Delaware-based SEC-registered investment adviser that used $80,107,280.22 of client funds to acquire these shares.

The position is held for investment in the ordinary course of business, with sole voting power over 481,098 shares and sole dispositive power over 571,761 shares. River Road may discuss strategy, capital allocation, and potential board nominees with UniFirst and other stakeholders but states it does not intend to seek control or manage day-to-day operations.

Positive

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Negative

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Insights

Institutional holder reports 3.9% UniFirst stake with potential for active engagement.

River Road Asset Management reports owning 571,761 UniFirst common shares, or 3.9% of outstanding stock based on 14,521,268 shares as of January 2, 2026. It controls voting over 481,098 shares and can dispose of all 571,761 shares.

The firm invested $80,107,280.22 of client funds and describes the stake as for ordinary-course investment. However, it may discuss governance, capital allocation, operations, and potential board nominees with management, other shareholders, and partners, while stating it does not intend to seek control or manage daily operations.

This combination of a meaningful though sub-5% position and openness to proposing operational or governance changes suggests potential for constructive engagement. Any future shifts in ownership or disclosed proposals in later filings would clarify how actively River Road chooses to influence UniFirst’s strategic direction.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D






SCHEDULE 13D


River Road Asset Management, LLC
Signature:Meagan N. Snyder
Name/Title:CCO
Date:03/17/2026

FAQ

What stake in UniFirst (UNF) does River Road Asset Management report?

River Road Asset Management reports beneficial ownership of 571,761 UniFirst common shares, representing 3.9% of the outstanding stock based on 14,521,268 shares as of January 2, 2026. This makes River Road a significant institutional holder but below the 5% threshold.

How much did River Road Asset Management invest in UniFirst (UNF) shares?

River Road Asset Management used $80,107,280.22 of client funds to purchase UniFirst stock. These funds come from advisory clients under investment management agreements, where River Road has authority to invest in, dispose of, and in some cases vote the UniFirst shares.

What are River Road’s voting and dispositive powers over UniFirst (UNF) stock?

River Road has sole voting power over 481,098 UniFirst shares and sole dispositive power over 571,761 shares. It reports no shared voting or shared dispositive power, reflecting its authority under client advisory agreements covering these positions.

Why did River Road file Amendment No. 3 to its Schedule 13D on UniFirst (UNF)?

Amendment No. 3 updates River Road’s beneficial ownership and intentions regarding UniFirst common stock. The filing confirms the 3.9% stake, outlines that holdings are for investment purposes, and describes potential engagement on strategy, governance, and board nominees without intending to seek control.

Does River Road Asset Management plan to control UniFirst (UNF) or its management?

River Road explicitly states it does not intend to seek control of UniFirst or participate in day-to-day management. It may still discuss operations, capital allocation, governance, and potential board nominees with management and other stakeholders as part of its investment approach.

How does River Road describe its investment purpose in UniFirst (UNF)?

River Road says UniFirst stock was acquired for investment purposes in the ordinary course of business. It may buy, hold, trade, or sell shares for client accounts based on factors like share price, UniFirst’s operations, strategy, acquisitions, growth prospects, liquidity, and capital allocation.
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