Form 4: United Natural Foods CEO Alexander Douglas Jr. Disposes of Shares for Tax Obligations
SEC Form 4 Filing
CEO Alexander Douglas Jr. of United Natural Foods disposed of shares to cover withholding taxes related to vesting restricted stock units.
Summary
- On October 12, 2024, Alexander Douglas Jr., CEO of United Natural Foods Inc. (UNFI), disposed of shares of common stock to cover withholding taxes associated with the vesting of restricted stock units and performance-based restricted stock units.
- A total of 5,049 shares were disposed of at a price of $20.63 per share for payment of withholding taxes related to restricted stock units.
- An additional 2,589 shares were disposed of at the same price for the same reason.
- Another 7,417 shares were disposed of at $20.63 per share for payment of withholding taxes related to performance-based restricted stock units.
- A further 3,493 shares were disposed of at $20.63 per share for the same reason.
- Following these transactions, Douglas Jr. directly owns 284,914 shares of common stock and indirectly owns 600 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine tax obligations related to executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and are closely watched by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares may have a minor impact on shareholders due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 10/12/2024 | Date of the share disposal transactions. |
| 10/15/2024 | Date of signature by Power-of-Attorney. |
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