Eric A. Dorne - Oct 12, 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
Oct 12, 2021
Transactions value $
-$663,387
Form type
4
Date filed
10/14/2021, 05:30 PM
Previous filing
Oct 8, 2021
Next filing
Sep 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNFI Common Stock Options Exercise $0 +14.4K +102.74% $0.00 28.4K Oct 12, 2021 Direct F1, F2
transaction UNFI Common Stock Tax liability -$302K -6.53K -22.98% $46.28 21.9K Oct 12, 2021 Direct
transaction UNFI Common Stock Sale -$361K -7.87K -35.96% $45.94 14K Oct 13, 2021 Direct F3

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 -14.4K -33.33% $0.00 28.8K Oct 12, 2021 Common Stock 14.4K Direct F4, F5
transaction UNFI Restricted Stock Unit Award $0 +15.6K $0.00 15.6K Oct 12, 2021 Common Stock 15.6K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 12, 2021, 14,392 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 6,526 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 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.
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 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.
F6 The RSUs vest in three equal installments beginning on October 12, 2022.