Eric A. Dorne - Sep 24, 2021 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Role
COO
Signature
/s/ Jill E. Sutton, Power-of-Attorney, in fact
Stock symbol
UNFI
Transactions as of
Sep 24, 2021
Transactions value $
-$113,128
Form type
4
Date filed
9/28/2021, 05:46 PM
Previous filing
Sep 17, 2021
Next filing
Sep 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction UNFI Common Stock Sale -$23.9K -630 -4.13% $38.00 14.6K Sep 24, 2021 Direct F1
transaction UNFI Common Stock Options Exercise $0 +2.58K +17.65% $0.00 17.2K Sep 25, 2021 Direct F2, F3, F4
transaction UNFI Common Stock Tax liability -$29K -784 -4.55% $37.04 16.4K Sep 25, 2021 Direct
transaction UNFI Common Stock Options Exercise $0 +1.06K +6.44% $0.00 17.5K Sep 25, 2021 Direct F3, F4, F5
transaction UNFI Common Stock Tax liability -$11.9K -322 -1.84% $37.04 17.2K Sep 25, 2021 Direct
transaction UNFI Common Stock Sale -$48.2K -1.27K -7.39% $38.00 15.9K Sep 27, 2021 Direct F1

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 -2.58K -50.01% $0.00 2.58K Sep 25, 2021 Common Stock 2.58K Direct F6, F7
transaction UNFI Restricted Stock Unit Options Exercise $0 -1.06K -50% $0.00 1.06K Sep 25, 2021 Common Stock 1.06K Direct F6, F8

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2021.
F2 On September 25, 2021, 2,583 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 784 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F3 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.
F4 RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
F5 On September 25, 2021, 1,059 RSUs vested. The Company retained 322 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F6 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.
F7 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.
F8 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.