Eric A. Dorne - 25 Sep 2022 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Role
COO
Signature
/s/ Jody Hyvarinen, Power-of-Attorney, in fact
Issuer symbol
UNFI
Transactions as of
25 Sep 2022
Net transactions value
-$39,485
Form type
4
Filing time
27 Sep 2022, 16:10:25 UTC
Previous filing
14 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 +2,582 +3.5% $0.000000 76,616 25 Sep 2022 Direct F1, F2
transaction UNFI Common Stock Tax liability $27,998 -719 -0.94% $38.94 75,897 25 Sep 2022 Direct F3
transaction UNFI Common Stock Options Exercise $0 +1,059 +1.4% $0.000000 76,956 25 Sep 2022 Direct F1
transaction UNFI Common Stock Tax liability $11,487 -295 -0.38% $38.94 76,661 25 Sep 2022 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 -2,582 -100% $0.000000* 0 25 Sep 2022 Common Stock 2,582 Direct F4, F5
transaction UNFI Restricted Stock Unit Options Exercise $0 -1,059 -100% $0.000000* 0 25 Sep 2022 Common Stock 1,059 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
F2 United Natural Foods, Inc. (the "Company") revised its method of reporting RSUs to report such grants in Table I rather than as previously reported in Table II. Accordingly, amount includes 60,026 unvested RSUs previously reported in Table II.
F3 Shares retained by the Company for the payment of withholding taxes in connection with the vesting.
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 September 25, 2018 and vests in four equal annual installments beginning on the first anniversary of the date of grant. This Form 4 reflects the vesting of this RSU on September 25, 2022 as to 100% of the original grant amount.
F6 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, 2022 as to 100% of the original grant amount.

Remarks:

Exhibit 24 - Power of Attorney