Company: UFPT
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001171843-25-002638
Chunk: 44

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 44
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 compensation actually paid to our other NEOs, each as set forth in the Pay versus Performance table above, and our cumulative TSR. The chart represents the cumulative TSR of the Company of an initial investment of $100 for the measurement period beginning December 31, 2020, and ending December 31, 2020, 2021, 2022, 2023, and 2024.

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The following chart sets forth the relationship between compensation actually paid to our PEO, the average of compensation actually paid to our other NEOs, and our net income during years 2020 through 2024, each as set forth in the table above.

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The following chart sets forth the relationship between compensation actually paid to our PEO, the average of compensation actually paid to our other NEOs, and the adjusted operating income during years 2020 through 2024, each as set forth in the table above.

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The following chart compares our cumulative TSR to that of our peer group over the same time period. The chart represents the cumulative TSR of the Company of an initial investment of $100 for the measurement period beginning December 31, 2020, and ending December 31, 2021, 2022, 2023 and 2024.

As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the performance measures that we believe represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2024. The measures in this table are not ranked.

| Performance measure        |     | Performance measure description                                                                                                                                                                                                                         |
| Adjusted operating income  |     | Operating income as adjusted is GAAP operating income as adjusted to disregard non‑recurring income or expenses, including acquisition related costs, changes in fair value of contingent consideration and gains or losses from the sale of equipment. |
| Net sales                  |     | Net sales as per the Company’s consolidated income statements for the respective years.                                                                                                                                                                 |
| Return on invested capital |     | Operating income net of taxes, divided by average invested capital (equity plus debt less cash).                                                                                                                                                        |

<div align='center'>DIRECTOR COMPENSATION</div>

Our non‑employee directors annually receive: (i) a retainer of $155,000, with a $55,000 cash component and a $120,000 equity component, payable 50% in the form of restricted stock unit awards