Danielle Benedict - 12 Oct 2021 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Role
Chief Human Resources Officer
Signature
/s/ Jill E. Sutton, Power-of-Attorney, in fact
Issuer symbol
UNFI
Transactions as of
12 Oct 2021
Transactions value $
-$128,334
Form type
4
Filing time
14 Oct 2021, 17:21:00 UTC
Previous filing
08 Oct 2021
Next filing
27 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNFI Common Stock Options Exercise $0 +6.12K +31.64% $0.00 25.4K 12 Oct 2021 Direct F1, F2
transaction UNFI Common Stock Tax liability -$128K -2.77K -10.9% $46.28 22.7K 12 Oct 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 -6.12K -33.33% $0.00 12.2K 12 Oct 2021 Common Stock 6.12K Direct F3, F4
transaction UNFI Restricted Stock Unit Award $0 +7.35K $0.00 7.35K 12 Oct 2021 Common Stock 7.35K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 12, 2021, 6,116 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 2,773 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2 RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
F3 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.
F4 This RSU award was granted on October 12, 2020 and vests in three equal installments beginning on October 12, 2021. This Form 4 reflects the vesting of this RSU on October 12, 2021 as to 1/3 of the original grant amount.
F5 The RSUs vest in three equal installments beginning on October 12, 2022.