Company: UFPT
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001171843-25-002638
Chunk: 45

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 45
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 (“RSU’s”) that vest on May 31 of the following year and 50% in the form of stock options that become exercisable on May 31 of the following year, (ii) an audit committee retainer of $9,000 in cash, with an additional $20,000 for the non‑employee director serving as audit committee chair, (iii) a compensation committee retainer of $6,000 in cash, with an additional $15,000 for the non-employee director serving as compensation committee chair, (iv) reimbursement of expenses for each meeting physically attended, and (v) a lead independent director retainer of $25,000 for the individual serving in that position.

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There was no additional compensation paid for services to the nominating committee in fiscal year 2024.

Under our stock ownership guidelines, the Board has established a goal that, within five years after joining the Board, each non‑employee Board member beneficially own shares of our stock valued at three times his or her annual base cash retainer fee.

The table below summarizes the compensation paid to each of our non-employee directors. For a summary of the compensation earned by Mr. Bailly, our President, Chief Executive Officer and Chairman of the Board of Directors, see the “Executive Compensation” section above.

| Name                |     | Fees Earned or 
 Paid in Cash   
 ($)            |        |     | Stock  
 Awards 
 ($)(1) |        |     | Option    
 Awards    
 ($)(2)(3) |        |     | Total 
 ($)   |         |
|:--------------------|:----|:---------------|-------:|:----|:-------|-------:|:----|:----------|-------:|:----|:------|--------:|
| Marc Kozin          |     | $              | 61,000 |     | $      | 60,000 |     | $         | 60,000 |     | $     | 181,000 |
| Thomas Oberdorf     |     | $              | 64,000 |     | $      | 60,000 |     | $         | 60,000 |     | $     | 184,000 |
| Daniel C. Croteau   |     | $              | 86,000 |     | $      | 60,000 |     | $         | 60,000 |     | $     | 206,000 |