Griffin Sean 4
4 · UNITED NATURAL FOODS INC · Filed Sep 17, 2019
Insider Transaction Report
Form 4
Griffin Sean
SVP, National Distribution
Transactions
- Award
Phantom Stock
2019-09-15+1,730→ 21,648 total→ Common Stock (1,730 underlying) - Disposition to Issuer
Restricted Stock Unit
2019-09-15−1,730→ 6,920 total→ Common Stock (1,730 underlying) - Exercise/Conversion
Common Stock
2019-09-15+790→ 44,898 total - Exercise/Conversion
Common Stock
2019-09-15+1,730→ 46,332 total - Exercise/Conversion
Restricted Stock Unit
2019-09-15−1,730→ 8,650 total→ Common Stock (1,730 underlying) - Exercise/Conversion
Restricted Stock Unit
2019-09-15−790→ 3,160 total→ Common Stock (790 underlying) - Award
Phantom Stock
2019-09-15+2,370→ 19,918 total→ Common Stock (2,370 underlying) - Tax Payment
Common Stock
2019-09-15$12.09/sh−296$3,579→ 44,602 total - Disposition to Issuer
Restricted Stock Unit
2019-09-15−2,370→ 790 total→ Common Stock (2,370 underlying) - Tax Payment
Common Stock
2019-09-15$12.09/sh−566$6,843→ 45,766 total
Holdings
- 1,622(indirect: See footnote)
Common Stock
Footnotes (9)
- [F1]On September 15, 2019, 3,160 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested, 75% of which the reporting person had previously elected to defer to the Company's Deferred Compensation Plan. The Company retained 296 shares to satisfy certain tax withholding obligations in connection with the vesting of RSUs.
- [F2]Pursuant to the Company's Equity Grant and Settlement Policy, vested shares will not be delivered to the reporting person until the Company's trading window opens.
- [F3]RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
- [F4]On September 15, 2019, 3,460 shares of the Company's RSUs vested, 50% of which the reporting person had previously elected to defer to the Company's Deferred Compensation Plan. The Company retained 566 shares to satisfy certain tax withholding obligations in connection with the vesting of RSUs.
- [F5]Includes 1,622 shares of common stock allocated to the reporting person under the Company's 401(k) Plan's UNFI Stock Fund as of September 15, 2019.
- [F6]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 RSU agreement.
- [F7]This RSU award was granted on September 15, 2016 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 15, 2019 as to 75% of the original grant amount.
- [F8]The security converts to common stock on a one-for-one basis subject to the terms of the Company's Deferred Compensation Plan.
- [F9]This RSU award was granted on September 15, 2017 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 15, 2019 as to 50% of the original grant amount.