Steven S. Sintros

President and Chief Executive Officer at UniFirst Corp

Board

Since July 2017

Age

51 years

Tenure

Joined UniFirst Corporation in 2004 as a Finance Manager, later serving as Corporate Controller (2005–2009) and Chief Financial Officer (2009–2018), took on overall management responsibilities in 2017, and eventually assumed the role of President and Chief Executive Officer.

Also at UniFirst Corp

DAD

David A. DiFillippo

Executive Vice President, Operations

DMK

David M. Katz

Executive Vice President, Sales and Marketing

Kelly Rooney

Executive Vice President and Chief Operating Officer

About

Steven S. Sintros is the President and Chief Executive Officer of UniFirst Corporation and is 51 years old as of fiscal year 2024.

He began his career at UniFirst in 2004 when he joined as a Finance Manager. His progression at the company includes roles as Corporate Controller from 2005 to 2009 and Chief Financial Officer from 2009 to 2018, with additional overall management responsibilities starting in 2017.

In his current leadership position as President and Chief Executive Officer, which he commenced in July 2017 , he has overseen key aspects of strategic operations and certification of the company’s financial disclosures. This career journey reflects a steady progression through increasing levels of responsibility within UniFirst Corporation.

$UNF Performance Under Steven S. Sintros

Past Roles

Organization	Role	Date Range	Details
UniFirst Corporation	Chief Financial Officer	January 2009 - January 2018	Ended role with his promotion to President and CEO in 2017
UniFirst Corporation	Corporate Controller	2005 - 2009	N/A
UniFirst Corporation	Finance Manager	2004 - N/A	Joined as Finance Manager; subsequent promotions noted

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$941,545	Annual	Reflects fiscal 2024 base salary (53‑week year).
Change in Pension Value and Nonqualified Deferred Compensation Earnings	$288,516	Annual	Change in accumulated benefit obligation under SERP per FASB ASC Topic 715.
Car Allowance	$12,450	Annual	Part of All Other Compensation.
401(k) Contributions	$13,800	Annual	Part of All Other Compensation.
Profit Sharing	$4,840	Annual	Part of All Other Compensation.

Performance Compensation

Data from FY 2024

CEO Bonus Plan

Metric	Value	Bonus % of Base Salary
Adjusted Revenue Threshold	$2,385.0 million	21.3%
Adjusted Revenue Achievement	$2,405.0 million	31.9%
Adjusted Revenue Target	$2,425.0 million	42.5%
Adjusted Revenue 125% Achievement	$2,445.0 million	53.1%
Adjusted Revenue Maximum	$2,465.0 million	63.8%
Actual Adjusted Revenue	$2,429.6 million	42.5%

Metric	Value	Bonus % of Base Salary
Adjusted Operating Income Threshold	$166.4 million	21.3%
Adjusted Operating Income Achievement	$176.6 million	31.9%
Adjusted Operating Income Target	$186.8 million	42.5%
Adjusted Operating Income 125% Achievement	$196.9 million	53.1%
Adjusted Operating Income Maximum	$207.1 million	63.8%
Actual Adjusted Operating Income	$200.5 million	53.1%

Total Bonus Earned: $900,352 (95.6% of base salary).

MBO Bonus

Component	Amount	Details	Citation
MBO Bonus Earned	$125,000	Achieved via four objectives: ESG ($50K), Organizational Succession ($25K), Strategic Planning ($50K), Customer Retention ($0)

Equity Incentive Awards

Performance-Based Restricted Stock Units (PSUs)

Metric	Value	Unit
Grant Date	October 31, 2023	Date
Grant Date Fair Value	$499,867	USD
Grant Date Stock Price	$164.43	USD per share
Number of PSUs Granted	4,561	Units
Earned PSUs	3,421	Units
Vesting Schedule	Fully vested upon performance criteria	N/A

Time-Based Stock Appreciation Rights (SARs)

Metric	Value	Unit
Grant Date	October 31, 2023	Date
Grant Date Fair Value	$350,040	USD
Grant Date Stock Price	$164.43	USD per share
Number of SARs Granted	6,179	Units
Vesting Schedule	20% per year over 5 years	N/A
Expiration Date	October 31, 2033	Date