Company: UFPT
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001171843-25-002638
Chunk: 33

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 33
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 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 deduction for us under the tax code’s golden parachute rules. The agreement also provides that in the event of (i) our Change in Control or (ii) our termination of Mr. Bailly’s employment without Cause, or by Mr. Bailly for Good Reason, then (x) any shares in the Annual Stock Grant Award not issued to Mr. Bailly to which he would otherwise be entitled as of the next Issue Date following such Change in Control or such termination will be immediately issued to him and (y) any of Mr. Bailly’s other earned but unvested Stock Rights (as defined in the Bailly Employment Agreement) will immediately vest in full. If Mr. Bailly’s employment is terminated by us without Cause, or if Mr. Bailly terminates his employment with us for Good Reason, we will continue to pay Mr. Bailly’s health insurance for up to thirty‑six months.

Grants of Plan-Based Awards—2024

| Name                           |     | Grant Date |     | Estimated Possible           
 Payouts Under                
 Equity Incentive Plan Awards 
 Threshold                    
 (#)                          |       |     | Target 
 (#)    |        |     | Maximum 
 (#)     |        |     | All Other 
 Stock     
 Awards:   
 Number of 
 Shares of 
 Stock or  
 Units (#) |       |     | All Other      
 Option Awards: 
 Number of      
 Securities     
 Underlying     
 Options (#)    |   |     | Exercise 
 or Base  
 Price of 
 Option   
 Awards   
 ($/Sh)   |   |     | Grant Date    
 Fair Value Of 
 Stock and     
 Option        
 Awards        
 ($)(1)        |           |
|:-------------------------------|:----|:-----------|:----|:-----------------------------|------:|:----|:-------|-------:|:----|:--------|-------:|:----|:----------|------:|:----|:---------------|:--|:----|:---------|:--|:----|:--------------|----------:|
| R. Jeffrey Bailly(2)(3)        |     | 2/06/2024  |     |                              | 5,175 |     |        | 10