Litterio Christopher P. 4
Research Summary
AI-generated summary
UFP Technologies (UFPT) SVP Christopher Litterio Receives Stock Awards
What Happened
Christopher P. Litterio, Senior Vice President of UFP Technologies (UFPT), was granted a total of 2,036 restricted stock units (RSUs) reported on Feb 10, 2026. The grant consists of 821 RSUs tied to performance targets (value recorded as $0.00) and 1,215 time-based RSUs (also $0.00); all awards will be settled solely in shares of common stock. These are awards (transaction code A), not open-market purchases or sales.
Key Details
- Transaction date: February 10, 2026; Filing date: February 12, 2026 (file appears timely).
- Awards: 821 performance-based RSUs (originally granted Feb 11, 2025; performance targets deemed met Feb 10, 2026) and 1,215 time-based RSUs (granted Feb 10, 2026). Total = 2,036 RSUs. Reported acquisition price: $0.00.
- Vesting:
- Performance RSUs (821): vest 1/3 on Mar 1, 2026, then 1/3 on Mar 1, 2027 and 1/3 on Mar 1, 2028, subject to continuous employment (Footnote F1).
- Time-based RSUs (1,215): vest 1/3 on Mar 1, 2027, then 1/3 on Mar 1, 2028 and 1/3 on Mar 1, 2029, subject to continuous employment (Footnote F2).
- Settlement: Awards are to be settled solely in common stock.
- Shares owned after the transaction: Not disclosed in the provided filing.
- Tax withholding or other disposition details: None noted in the provided filing.
Context
These RSU grants are compensation awards, not market purchases or sales — they represent potential future common shares subject to vesting conditions (time and/or performance). For retail investors, awards like these are routine executive compensation and do not by themselves signal buying or selling pressure; they simply increase potential future insider share holdings if and when vesting conditions are met.