David Martin Katz, who serves as Executive Vice President, Sales/Marketing at UniFirst Corporation (NASDAQ: UNF), sold 1,464 shares of UniFirst common stock on February 17, 2026. The shares traded at $237.54 apiece, producing total gross proceeds of $347,758. The disposition was executed pursuant to a pre-arranged trading plan intended to comply with Rule 10b5-1(c) that Katz adopted on November 14, 2025.
The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission on February 18, 2026. The filing was signed by John Dowd, Attorney-in-Fact.
Holdings and vesting schedule
Following the sale, Katz is reported to directly own 6,461 shares of UniFirst. That total is detailed as consisting of a mix of restricted stock units and outright common shares:
- 299 restricted stock units that vest in one remaining annual installment on October 31, 2026;
- 709 restricted stock units that vest in two equal annual installments on October 31, 2026 and October 31, 2027;
- 1,232 restricted stock units that vest in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028;
- 1,125 restricted stock units that vest in two equal annual installments on October 31, 2026 and October 31, 2027;
- 1,866 restricted stock units that vest in three equal annual installments on October 31, 2026, October 31, 2027 and October 31, 2028; and
- 1,230 shares of Common Stock owned by the reporting person.
Context within corporate developments
The insider sale comes as UniFirst has attracted renewed attention from potential acquirers. Reports indicate that Cintas Corporation has resubmitted a takeover offer of $275 per share for UniFirst, a figure described as a notable premium over UniFirst’s previous closing price. Those reports follow an earlier article suggesting active discussions between the two companies.
At the same time, UniFirst has announced its regular quarterly cash dividends. The company declared payments of $0.365 per share on Common Stock and $0.292 per share on Class B Common Stock, with cash distributions scheduled to be paid on March 27, 2026. Shareholders of record as of March 6, 2026 will be eligible to receive the dividends.
UniFirst also held its Q1 2026 earnings conference call, during which the company discussed financial performance and its outlook. The combination of the earnings call, the dividend announcement, and renewed acquisition chatter has left the company under heightened investor scrutiny as market participants evaluate the possible financial implications.
What was reported
To recap the regulatory filings and procedural details documented in public records:
- The sale of 1,464 shares was executed on February 17, 2026 at $237.54 per share.
- The sale was made under a trading plan adopted on November 14, 2025 that is intended to comply with Rule 10b5-1(c).
- The transaction was reported in a Form 4 filed with the SEC on February 18, 2026 and signed by John Dowd, Attorney-in-Fact.
- After the sale Katz directly owns 6,461 shares, broken down into specified restricted stock units and 1,230 shares of common stock.
Investors and observers will continue to monitor UniFirst for developments tied to the reported takeover interest from Cintas, the company’s dividend timetable, and any further insider filings that shed light on executive holdings and liquidity plans.