Croatti Michael A 4
4 · UNIFIRST CORP · Filed Nov 2, 2023
Insider Transaction Report
Form 4
Croatti Michael A
Senior VP of Operations
Transactions
- Tax Payment
Common Stock
2023-10-31$164.43/sh−500$82,215→ 7,547 total - Award
Common Stock
2023-10-31+1,597→ 8,047 total - Award
Stock Appreciation Right
2023-10-31+1,545→ 1,545 totalExercise: $164.43Exp: 2033-10-31→ Common Stock ($0.10 par value) (1,545 underlying)
Holdings
- 810(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Represents restricted stock units granted under the UniFirst Corporation Amended and Restated 2010 Stock Option and Incentive Plan (the "2010 Plan"). Such restricted stock units vest in five equal annual installments on October 31, 2024, October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028.
- [F2]Represents shares of Common Stock withheld by UniFirst Corporation to satisfy certain tax withholding obligations in connection with the vesting of certain restricted stock units.
- [F3]Consists of 194 restricted stock units that vest in one remaining annual installment on October 31, 2024, 468 restricted stock units that vest in two remaining equal annual installments on October 31, 2024 and October 31, 2025, 672 restricted stock units that vest in three remaining equal annual installments on October 31, 2024, October 31, 2025 and October 31, 2026, 1,103 restricted stock units that vest in four remaining equal annual installments on October 31, 2024, October 31, 2025, October 31, 2026 and October 31, 2027, 1,597 restricted stock units that vest in five equal annual installments on October 31, 2024, October 31, 2025, October 31, 2026, October 31, 2027 and October 31, 2028 and 3,513 shares of Common Stock owned by the reporting person.
- [F4]This stock appreciation right, which was granted under the 2010 Plan, becomes vested and exercisable in five equal annual installments on October 31, 2024, October 31, 2025, 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.