Danielle Benedict - 15 Sep 2021 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Signature
/s/ Jill E. Sutton, Power-of-Attorney, in fact
Issuer symbol
UNFI
Transactions as of
15 Sep 2021
Net transactions value
-$12,217
Form type
4
Filing time
17 Sep 2021, 17:27:11 UTC
Next filing
28 Sep 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNFI Common Stock Options Exercise $0 +1,085 +12% $0.000000 9,997 15 Sep 2021 Direct F1, F2, F3
transaction UNFI Common Stock Tax liability $12,217 -330 -3.3% $37.02 9,667 15 Sep 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UNFI Restricted Stock Unit Options Exercise $0 -1,085 -100% $0.000000* 0 15 Sep 2021 Common Stock 1,085 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 15, 2021, 1,085 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 330 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2 Pursuant to the Company's Equity Grant and Settlement Policy, vested shares will not be delivered to the reporting person until the Company's trading window opens.
F3 RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
F4 Each RSU represents the right to receive one share of the Company's common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
F5 This RSU award was granted on September 15, 2017 and vests in four equal annual installments beginning on the first anniversary of the date of grant. This Form 4 reflects the vesting of this RSU on September 15, 2021 as to 100% of the original grant amount.