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

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 30
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 |     | $              |   253,000 |     | $            |  31,517 |     | $     |   912,517 |
| Secretary, and Senior Vice  
 President of                
 Human Resources             |     | 2022 |     | $            | 338,000 |     |               |       — |     | $            |   220,000 |     | $              |   247,321 |     | $            |  21,915 |     | $     |   827,236 |
| Jason Holt                  |     | 2024 |     | $            | 338,000 |     |               |       — |     | $            |   197,975 |     | $              |   178,518 |     | $            |  29,391 |     | $     |   743,884 |
| Vice President and          |     | 2023 |     | $            | 325,000 |     |               |       — |     | $            |   180,000 |     | $              |   189,127 |     | $            |  28,658 |     | $     |   722,785 |
| Chief Commercial Officer    |     | 2022 |     | $            | 300,000 |     |               |       — |     | $            |   150,000 |     | $              |   180,564 |     | $            |  19,233 |     | $     |   649,797 |

_______________________

| (1) | On February 11, 2025, based upon the competitive market assessment performed by Pearl Meyers in 2024, the Compensation Committee approved increases in the base salaries of Messrs. Bailly, Lataille, Rock, Litterio and Holt to $789,000, $485,000, $525,000, $385,000 and $352,000, respectively. |

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| (2) | Represents a discretionary bonus of $300,000 earned in 2022 that was paid in March 2023, as well as stock options with a value of $300,000. On February 14, 2023, the Compensation Committee granted the stock options to Mr. Bailly to purchase up to an aggregate of 7,935 shares of the Company’s common stock