Form 4: United Natural Foods CEO Alexander Douglas Jr. Reports Stock Transaction
SEC Form 4 Filing
CEO Alexander Douglas Jr. of United Natural Foods, Inc. reports the disposition of shares to cover withholding taxes upon vesting of restricted stock units.
Summary
- On October 6, 2024, Alexander Douglas Jr., CEO of United Natural Foods, Inc. (UNFI), reported a transaction involving the disposition of 5,643 shares of common stock at a price of $19.76.
- These shares were retained by United Natural Foods, Inc. for the payment of withholding taxes related to the vesting of restricted stock units.
- Following the transaction, Douglas directly owns 303,462 shares of UNFI common stock and indirectly owns 600 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent use of shares to cover tax obligations, a common practice.
Key Dates
| Date | Description |
|---|---|
| 10/06/2024 | Date of stock transaction where 5,643 shares were disposed of to cover withholding taxes. |
| 10/08/2024 | Date of signature for the Form 4 filing. |
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