LATAILLE RONALD J 4

What Happened Ronald J. Lataille, Chief Financial Officer of UFP Technologies, was awarded two stock-unit grants reported on Feb 10, 2026, totaling 5,578 restricted stock units (RSUs). The Form 4 shows acquisitions of 2,463 RSUs and 3,115 RSUs at $0.00 per unit (award grants, not purchases), so there was no cash paid by the reporting person.

Key Details

• Transaction date reported: February 10, 2026; Form 4 filed February 12, 2026 (within the typical 2-business-day reporting window).
• Awards: 2,463 RSUs (performance-based) and 3,115 RSUs (time-based); both to be settled solely in shares of common stock.
• Vesting:
  • Performance-based RSUs (2,463): originally granted Feb 11, 2025; Compensation Committee determined performance targets were met on Feb 10, 2026. Vest 1/3 on Mar 1, 2026, then 1/3 on Mar 1, 2027 and Mar 1, 2028, subject to continued employment.
  • Time-based RSUs (3,115): granted Feb 10, 2026; vest 1/3 on Mar 1, 2027, then 1/3 on Mar 1, 2028 and Mar 1, 2029, subject to continued employment.
• Shares owned after transaction: the filing notes the reporting person also indirectly owns 38,940 shares; the 5,578 RSUs are outstanding and will convert to shares upon vesting.

Context These transactions are awards (compensation/retention), not open-market purchases or sales. RSUs reported at $0 reflect that they are stock-settled grants rather than cash transactions; they do not represent immediately tradable shares until they vest and are settled. Such awards align executive compensation with company performance and retention but do not provide immediate liquidity or imply a buy/sell decision.