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Cynthia L. Feldmann, a director at UFP Technologies Inc. (NASDAQ:UFPT), recently executed a series of stock transactions as reported in an SEC filing. The company, currently valued at $1.6 billion, has seen its stock decline nearly 10% over the past week, according to InvestingPro data. Feldmann sold a total of 2,756 shares of UFP Technologies, with the sale price ranging from $230.66 to $231.51 per share. This transaction resulted in a total sale value of approximately $635,874. The sale prices were notably higher than the current trading price of $211.09, with InvestingPro analysis indicating the stock is currently fairly valued based on its proprietary Fair Value model.
Additionally, Feldmann exercised stock options to acquire 2,756 shares at a price of $38.61 per share, totaling $106,409 in value. Following these transactions, Feldmann’s direct ownership of UFP Technologies stands at 4,049 shares. The company maintains strong financial health with a current ratio of 2.56 and operates with moderate debt levels. InvestingPro subscribers can access 8 additional key insights about UFPT’s financial position and growth prospects.
In other recent news, UFP Technologies announced significant changes to its executive compensation structure, effective January 1, 2025. The company’s CEO, R. Jeffrey Bailly, will see his base salary increase to $789,000, while President Mitchell C. Rock and CFO Ronald J. Lataille will have their salaries adjusted to $525,000 and $485,000, respectively. The Compensation Committee has also approved stock unit awards for these executives, contingent on meeting specific financial performance objectives. These awards are designed to vest over a three-year period starting March 1, 2026. Bailly’s stock awards include 11,515 "Threshold" units, 5,758 " Target (NYSE:TGT)" units, and 5,758 "Exceptional" units. Additionally, he is eligible for a 2025 cash bonus plan with a target of $828,450, which could potentially double based on performance. Other executives will also participate in a cash bonus plan with targets ranging from 40% to 65% of their base salaries, depending on the company’s financial outcomes and their individual contributions. These developments reflect UFP Technologies’ strategy to align executive incentives with the company’s financial performance.
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