Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 13

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 13
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 the three-month periods ended March 31, 2025 and 2024, respectively.

Common Stock Grants

The compensation expense for common stock granted during the three-month period ended March 31, 2025, was determined based on the market price of the shares on the date of grant.

16

Stock Option Grants

The following is a summary of stock option activity under all plans for the three-month period ended March 31, 2025:

			Shares Under Options

			Weighted Average Exercise Price (per share)

			Weighted Average Remaining Contractual Life (in years)

			Aggregate Intrinsic Value (in thousands)

			Outstanding at December 31, 2024

			73,232

			$
			67.15

			Granted

			-

			-

			Exercised

			(7,024
			)

			45.26

			Outstanding at March 31, 2025

			66,208

			$
			69.47

			4.57

			$
			8,931

			Exercisable at March 31, 2025

			63,250

			$
			60.51

			4.35

			$
			8,931

			Vested and expected to vest at March 31, 2025

			66,208

			$
			69.47

			4.57

			$
			8,931

During the three-month periods ended March 31, 2025 and 2024, the total intrinsic value of all options exercised (i.e., the difference between the market price and the price paid by the employees to exercise the options) was approximately $1.5 million and $652 thousand, respectively, and the total amount of consideration received by the Company from the exercised options was approximately $318 thousand and $160 thousand, respectively. At its discretion, the Company allows option holders to surrender previously owned common stock in lieu of paying the exercise price and withholding taxes. During the three-month period ended March 31, 2025, 748 shares were surrendered at an average market price of $282.42. During the three-month period ended March 31, 2024, 653 shares were surrendered at an average market price of $162.93.

Restricted Stock Unit awards

The following table summarizes information about RS