Jill Sutton - Sep 25, 2021 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Signature
/s/ Jody Hyvarinen, Power-of-Attorney, in fact
Stock symbol
UNFI
Transactions as of
Sep 25, 2021
Transactions value $
-$37,670
Form type
4
Date filed
9/28/2021, 05:43 PM
Previous filing
May 18, 2021
Next filing
Oct 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNFI Common Stock Options Exercise $0 +2.43K +9.17% $0.00 28.9K Sep 25, 2021 Direct F1, F2, F3
transaction UNFI Common Stock Tax liability -$27.3K -738 -2.55% $37.04 28.2K Sep 25, 2021 Direct
transaction UNFI Common Stock Options Exercise $0 +917 +3.25% $0.00 29.1K Sep 25, 2021 Direct F2, F3, F4
transaction UNFI Common Stock Tax liability -$10.3K -279 -0.96% $37.04 28.8K Sep 25, 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 -2.43K -50% $0.00 2.43K Sep 25, 2021 Common Stock 2.43K Direct F5, F6
transaction UNFI Restricted Stock Unit Options Exercise $0 -917 -49.97% $0.00 918 Sep 25, 2021 Common Stock 917 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 25, 2021, 2,430 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 738 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 On September 25, 2021, 917 RSUs vested. The Company retained 279 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F5 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.
F6 This RSU award was granted on September 25, 2018 and vests in four equal annual installments beginning on the on the first anniversary of the date of grant. This Form 4 reflects the vesting of this RSU on September 25, 2021 as to 75% of the original grant amount.
F7 This RSU award was granted on December 11, 2018 and vests in four equal annual installments beginning on September 25, 2019. This Form 4 reflects the vesting of this RSU on September 25, 2021 as to 75% of the original grant amount.