Michael C. Stigers - 12 Oct 2021 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Role
CEO CUB
Signature
Jill E. Sutton, Power-of-Attorney, in fact
Issuer symbol
UNFI
Transactions as of
12 Oct 2021
Net transactions value
-$174,661
Form type
4
Filing time
14 Oct 2021, 17:56:01 UTC
Previous filing
08 Oct 2021
Next filing
29 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 +8,275 +24% $0.000000 42,685 12 Oct 2021 Direct F1, F2
transaction UNFI Common Stock Tax liability $174,661 -3,774 -8.8% $46.28 38,911 12 Oct 2021 Direct
holding UNFI Common Stock 10,000 12 Oct 2021 By revocable family trust

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 -8,275 -33% $0.000000 16,552 12 Oct 2021 Common Stock 8,275 Direct F3, F4
transaction UNFI Restricted Stock Unit Award $0 +8,643 $0.000000 8,643 12 Oct 2021 Common Stock 8,643 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, 8,275 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 3,774 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.