Company: UFPT
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001171843-25-002638
Chunk: 18

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 18
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 director within 60 days of April 11, 2025 pursuant to the vesting of stock unit awards. |

| (4) | Shares of Common Stock beneficially owned and the information in this footnote are based solely upon information contained in a Schedule 13F-HR filed with the SEC by Blackrock, Inc. on February 7, 2025. As of December 31, 2024, Blackrock, Inc. had sole voting power over 1,099,882 shares, shared voting power over 0 shares, sole dispositive power over 1,111,903 shares, and shared dispositive power over 0 shares. |

| (5) | Shares of Common Stock beneficially owned and the information in this footnote are based solely upon information contained in a Schedule 13G/A filed with the SEC by Wasatch Advisors LP on February 12, 2025. As of December 31, 2024, Wasatch Advisors LP had sole voting power over 437,841 shares, shared voting power over 0 shares, sole disposition power over 576,691 shares, and shared disposition power over 0 shares. |

| (6) | Shares of Common Stock beneficially owned and the information in this footnote are based solely upon information contained in a Schedule 13F-HR filed with the SEC by Vanguard Group Inc on February 11, 2025. As of December 31, 2024, Vanguard Group Inc had sole voting power over 0 shares, shared voting power over 13,942 shares, sole dispositive power over 536,235 shares, and shared dispositive power over 21,244 shares. |

| (7) | Shares of Common Stock beneficially owned and the information in this footnote are based solely upon information contained in a Schedule 13F-HR filed with the SEC by Neuberger Berman Group, LLC on February 13, 2025. As of December 31, 2024, Neuberger Berman Group LLC had sole voting power over 441,259 shares, shared voting power over 0 shares, sole dispositive power over 0 shares, and shared dispositive power over 442,926 shares. |

<div align='center'>EXECUTIVE OFFICER AND DIRECTOR COMPENSATION

Compensation Discussion and Analysis</div>

Introduction and Scope

This Compensation Discussion and Analysis (“CD&A”) is intended to provide context for the disclosures contained in this Proxy Statement with respect to our “named