Steven S. Sintros - Oct 28, 2022 Form 4 Insider Report for UNIFIRST CORP (UNF)

Role
President and CEO, Director
Signature
/s/ Steven S. Sintros
Stock symbol
UNF
Transactions as of
Oct 28, 2022
Transactions value $
-$439,686
Form type
4
Date filed
11/1/2022, 04:57 PM
Previous filing
Oct 27, 2022
Next filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNF Common Stock Options Exercise $476K +4K +18.99% $119.00 25.1K Oct 28, 2022 Direct
transaction UNF Common Stock Disposed to Issuer -$580K -3.22K -12.85% $180.00 21.8K Oct 28, 2022 Direct
transaction UNF Common Stock Sale -$282K -1.57K -7.18% $180.00 20.3K Oct 28, 2022 Direct F1
transaction UNF Common Stock Tax liability -$54K -295 -1.46% $183.14 20K Oct 29, 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UNF Stock Appreciation Right Options Exercise $0 -4K -100% $0.00* 0 Oct 28, 2022 Common Stock ($0.10 par value) 4K $119.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold pursuant to a Rule 10b5-1 sales plan.
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 (i) 9,960 shares of Common Stock owned by the reporting person, (ii) 1,711 restricted stock units that will vest in two remaining equal annual installments on November 27, 2022 and November 27, 2023,(iii) 605 restricted stock units that will vest on December 14, 2022, (iv) 1,392 restricted stock units that will vest in two remaining equal annual installments on October 29, 2023 and October 29, 2024, (v) 2,578 restricted stock units that will vest in four remaining equal annual installments on November 19, 2022, November 19, 2023, November 19, 2024 and November 19, 2025 and (vi) 3,731 restricted stock units that vest in five equal annual installments on October 31, 2022, October 31, 2023, October 31, 2024, October 31, 2025 and October 31, 2026.