TESTA CHRISTOPHER P. 4
4 · UNITED NATURAL FOODS INC · Filed Oct 14, 2021
Insider Transaction Report
Form 4
TESTA CHRISTOPHER P.
President, Blue Marble Brands
Transactions
- Exercise/Conversion
Common Stock
2021-10-12+14,392→ 58,996 total - Tax Payment
Common Stock
2021-10-12$46.28/sh−6,526$302,023→ 52,470 total - Exercise/Conversion
Restricted Stock Unit
2021-10-12−14,392→ 28,785 total→ Common Stock (14,392 underlying) - Award
Restricted Stock Unit
2021-10-12+15,557→ 15,557 total→ Common Stock (15,557 underlying)
Footnotes (5)
- [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]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.