Christopher P. Testa - Sep 25, 2022 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Role
President
Signature
/s/ Jody Hyvarinen, Power-of-Attorney, in fact
Stock symbol
UNFI
Transactions as of
Sep 25, 2022
Transactions value $
-$42,873
Form type
4
Date filed
9/27/2022, 04:11 PM
Previous filing
Oct 14, 2021
Next filing
Sep 29, 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 +3.65K +3.15% $0.00 119K Sep 25, 2022 Direct F1, F2
transaction UNFI Common Stock Tax liability -$42.9K -1.1K -0.92% $38.94 118K Sep 25, 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 -3.65K -100% $0.00* 0 Sep 25, 2022 Common Stock 3.65K Direct F4, F5
* 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 63,163 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.

Remarks:

Exhibit 24 - Power of Attorney