ROCK MITCHELL 4

What Happened Rock Mitchell, President of UFP Technologies (UFPT), was the recipient of two stock-unit awards reported on Form 4. On Feb 10, 2026 he was recorded as acquiring 2,463 restricted stock units (RSUs) and 3,270 time‑based stock units — a total of 5,733 units — each reported at $0.00 (awarded, not purchased). These are awards (transaction code A) to be settled in shares if and when they vest; no cash was paid by the insider.

Key Details

• Transaction dates: Feb 10, 2026 (reported on Form 4 filed Feb 12, 2026). Filing appears timely (within standard 2‑business‑day reporting window).
• Awards and reported prices: 2,463 RSUs @ $0.00 (F1); 3,270 stock units @ $0.00 (F2). Combined = 5,733 units.
• Vesting:
  • F1: RSUs originally granted Feb 11, 2025, were deemed to have met performance targets on Feb 10, 2026; vesting is one‑third on Mar 1, 2026 and one‑third on each of Mar 1, 2027 and Mar 1, 2028, subject to continuous employment.
  • F2: Time‑based units granted Feb 10, 2026 vest one‑third on Mar 1, 2027 and one‑third on each of Mar 1, 2028 and Mar 1, 2029, subject to continuous employment.
• Shares owned after transaction: not specified in the information provided in this summary.
• Notable: These are equity awards (not open‑market purchases or sales). No 10b5‑1 plan, tax‑withholding sale, or late filing was indicated in the disclosed footnotes.

Context

• These entries reflect grants/awards (A) — common executive compensation — rather than purchases or sales. Awards can dilute shares when settled but do not indicate an immediate buy/sell market sentiment by the insider.
• F1 reflects a performance-based award that the Compensation Committee determined had achieved its targets (triggering the reporting event), but the units remain subject to time‑based vesting and employment conditions. F2 is purely time‑based and vests over three years.