UNIFIRST CORP 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES COMMON STOCK INFORMATION Our Common Stock trades on the New York Stock Exchange under the symbol “UNF”, while our Class B Common Stock is not publicly traded. On July 8, 2021, our Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock and $0.20 per share of Class B Common Stock. Both dividends were paid on September 28, 2021 to shareholders of record as of September 7, 2021. On October 20, 2021, we announced that we would be raising our quarterly dividend to $0.30 per share for Common Stock and to $0.24 per share for Class B Common Stock. The amount and timing of any future dividend payment is subject to the approval of the Board of Directors each quarter. The approximate number of shareholders of record of our Common Stock and Class B Common Stock as of October 22, 2021 was 57 and 42, respectively. We believe that the number of beneficial owners of our Common Stock is substantially greater than the number of record holders because a large portion of our Common Stock is held of record in broker “street names”. The following table sets forth information concerning our equity compensation plans as of August 28, 2021: Equity Compensation Plan Information Plan category Number of securities to be issued upon exercise of outstanding options, warrants and rights (1) Weighted average exercise price of outstanding options, warrants and rights (2) Number of securities remaining available for future issuance under equity compensation plans (excluding securities referenced in column (a)) (a) (b) (c) Equity compensation plans approved by security holders 488,732 $ 144.07 251,713 Equity compensation plans not approved by security holders — N/A — Total 488,732 251,713 (1) Includes shares of Common Stock issuable upon vesting of restricted stock units. (2) Restricted stock units are not included in the weighted-average exercise price calculation because there is no exercise price associated with restricted stock units. (a) Total Number of Shares of Stock Purchased(1) (b) Average Price Paid per Share(1) (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1) (d) Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under the Plans or Programs(1) May 30, 2021 - June 26, 2021 — $ — — $ 38,203,005 June 27, 2021 - July 24, 2021 1,500 $ 214.91 1,500 $ 37,880,611 July 25, 2021 - August 28, 2021 6,250 $ 218.58 6,250 $ 36,514,345 7,750 7,750 (1) On January 2, 2019, our Board of Directors approved a share repurchase program authorizing the Company to repurchase from time to time up to $100.0 million of our outstanding shares of Common Stock. On October 18, 2021, our Board of Directors approved a new share repurchase program authorizing the Company to repurchase from time to time up to $100.0 million of our outstanding shares of Common Stock, inclusive of the amount which remained available under the existing share repurchase program approved in January 2019. Repurchases made under the program, if any, will continue to be made in either the open market or in privately negotiated transactions. The timing, manner, price and amount of any repurchases will depend on a variety of factors, including economic and market conditions, the trading price of our Common Stock, corporate liquidity requirements and priorities, applicable legal 16 requirements and other factors. The share repurchase program has been funded to date using our available cash and may be suspended or discontinued at any time. Stock Performance Graph The graph below compares the cumulative five-year total return on UniFirst Corporation's Common Stock with the Russell 2000 Index and a customized peer group of three companies that includes: Aramark, Cintas Corporation and Rollins, Inc. The graph assumes an investment of $100 in each of UniFirst Corporation’s Common Stock, the Russell 2000 Index, and the performance through August 31, 2021, assuming the reinvestment of dividends. 17 ITEM 6. [RESERVED] 18