Katz David Martin 4
4 · UNIFIRST CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Unifirst (UNF) EVP David Martin Katz Sells 1,464 Shares
What Happened David Martin Katz, Executive Vice President of Sales & Marketing at Unifirst Corp (UNF), sold 1,464 shares in an open-market transaction on February 17, 2026. The shares were sold at $237.54 per share for a total proceeds of $347,759. This was a sale (not a purchase) and therefore generally not a bullish signal; it was executed under a pre-established trading plan.
Key Details
- Transaction date: 2026-02-17 (reported on SEC Form 4 filed 2026-02-18)
- Type: Open-market sale (Code S) under a Rule 10b5-1 trading plan adopted 2025-11-14 (footnote F1)
- Price: $237.54 per share; Shares sold: 1,464; Total proceeds: $347,759
- Shares owned after the transaction: 1,230 shares of common stock (plus unvested restricted stock units described below) (footnote F2)
- Unvested RSUs: 5,231 restricted stock units with staged vesting through Oct 31, 2028 (details in footnote F2)
- Filing timeliness: Reported the next day (Feb 18, 2026); not indicated as late
Context The sale was made pursuant to a 10b5-1 trading plan adopted November 14, 2025, which typically means the trades were pre-planned and executed according to preset instructions. The filing also discloses significant unvested restricted stock units (RSUs) that vest in installments from 2026–2028; these RSUs are not yet exercisable shares. Sales under 10b5-1 plans are common and do not necessarily reflect the insider’s view of the company’s near-term prospects.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-02-17$237.54/sh−1,464$347,759→ 6,461 total
Footnotes (2)
- [F1]Represents shares sold pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on November 14, 2025.
- [F2]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, 1,866 restricted stock units that vest in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028 and 1,230 shares of Common Stock owned by the reporting person.