Company: UFPT
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001171843-25-002638
Chunk: 46

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 46
---
| Cynthia L. Feldmann |     | $              | 79,500 |     | $      | 60,000 |     | $         | 60,000 |     | $     | 199,500 |
| Joseph John Hassett |     | $              | 73,000 |     | $      | 60,000 |     | $         | 60,000 |     | $     | 193,000 |
| Symeria Hudson      |     | $              | 64,000 |     | $      | 60,000 |     | $         | 60,000 |     | $     | 184,000 |

______________________

| (1) | On June 5, 2024 we granted to each continuing non‑employee director who served on the Board at that date, free of any restrictions, 230 RSU’s with a value equal to approximately $60,000, calculated using the $260.92 closing price of the Common Stock on the date of grant. Amounts reflected in the table represent the grant date fair value of the stock computed in accordance with FASB ASC, Topic 718, Compensation—Stock Compensation. |

| (2) | On June 5, 2024 we granted to each continuing non‑employee director who served on the Board at that date, 493 non‑qualified stock options to acquire Common Stock. Each option is exercisable in its entirety on May 31, 2025 and has a ten‑year life with an exercise price of $260.92, the closing price of our Common Stock on the date of grant. Amounts reflected in the table represent the grant date fair value of the stock options computed in accordance with FASB ASC, Topic 718, Compensation—Stock Compensation. |

| (3) | Messrs. Kozin, Oberdorf, Croteau and Hassett and Mses. Feldmann and Hudson had outstanding Option Awards at December 31, 2024 of 9,866, 19,431, 17,828, 2,842, 9,866, and 1,196, respectively. |

<div align='center'>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</div>

Policy for Review and Approval of Related Party Transactions

The Company’s Audit Committee reviews and approves all related-party transactions involving executive officers and directors. The Company has a written policy governing the review of related party transactions, which are defined