Company: UFPT
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001171843-25-002638
Chunk: 39

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 39
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 Ronald J. Lataille      |     |               |       — |     |               | — |     |            |       — |     |               | —        |   |     |            |       — |
| Mitchell C. Rock        |     |               |       — |     |               | — |     | $          | 120,003 |     | $             | (421,020 | ) |     | $          | 714,631 |
| Christopher P. Litterio |     |               |       — |     |               | — |     |            |       — |     |               | —        |   |     |            |       — |
| Jason Holt              |     |               |       — |     |               | — |     |            |       — |     |               | —        |   |     |            |       — |

| (1) | Represents amounts contributed into the Deferred Compensation Plan by each named executive officer. Such amounts are included in the Summary Compensation Table in the “Salary” column for 2024. |

| (2) | These amounts are not included in the Summary Compensation table because plan earnings were not preferential or above market. |

| (3) | The following amounts are included in the fiscal year-end balance and previously were reported as compensation to the following officers in the Summary Compensation Table: Mr. Bailly, $591,868; Mr. Rock, $340,341. |

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Potential Payments upon Termination or Change of Control and Severance Plans

Mr. Bailly may be entitled to payment upon his termination or upon our change of control. Under the terms of his employment agreement, if (i) we terminate Mr. Bailly’s employment without Cause (as defined in the agreement), (ii) Mr. Bailly terminates his employment with us for Good Reason (as defined in the agreement), or (iii) Mr. Bailly voluntarily terminates his employment within six months of a Change in Control (as defined in the agreement), then we are required to pay Mr. Bailly a lump sum amount equal to three times his average annual compensation for the two years preceding such termination. The employment agreement defines “average annual compensation” as including aggregate base salary, the Annual Stock Grant Award, and bonus compensation earned in such years. However, any termination payment to Mr. Bailly shall be limited to an amount that would not result in the imposition of an excise tax or denial of a tax