BAILLY R JEFFREY 4

What Happened

• Jeffrey R. Bailly, CEO and Director of UFP Technologies (UFPT), was granted two awards totaling 26,489 restricted stock units (7,428 and 19,061 units) on or reported as of Feb 10, 2026. These were recorded at $0 per share because they are equity awards (RSUs) rather than open‑market purchases. The awards will convert to common shares only upon vesting according to the schedules below.

Key Details

• Transaction dates/prices: Feb 10, 2026 (reported Feb 12, 2026); 7,428 RSUs @ $0.00 (performance‑based); 19,061 RSUs @ $0.00 (time‑based).
• Vesting: The 7,428 RSUs are performance‑based (originally granted Feb 11, 2025) and vested determination was made Feb 10, 2026; they vest 1/3 on Mar 1, 2026, 1/3 on Mar 1, 2027, and 1/3 on Mar 1, 2028, subject to continued service. The 19,061 RSUs are time‑based and vest 100% on June 4, 2027, subject to continued service.
• Shares owned after transaction: The filing notes the reporting person also indirectly holds 28,706 shares via a trust (he disclaims beneficial ownership except to the extent of any pecuniary interest). The RSUs are unvested and not yet settled into shares.
• Filing: Report filed Feb 12, 2026 for transactions on Feb 10, 2026. No late‑filing indication in the report.
• Nature of transaction: Code A (award/grant). These are compensation awards, not purchases or sales.

Context

• RSUs are compensation that convert to actual shares only after vesting; they require no cash outlay by the insider at grant. Performance‑based and time‑based awards differ: performance RSUs required achievement of targets (now determined met) while time RSUs vest after continued service. Such awards are routine executive compensation and do not directly signal a market buy or sell.