Form 4: United Natural Foods Executive Matthew Echols Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Matthew Echols, CCAO of United Natural Foods, Inc., disposed of 2,340 shares of common stock on March 11, 2024, to cover withholding taxes related to vesting restricted stock units.
Summary
- On March 11, 2024, Matthew T. Echols, the CCAO of United Natural Foods, Inc. (UNFI), reported a transaction involving the disposal of 2,340 shares of UNFI common stock.
- The shares were disposed of to cover withholding taxes associated with the vesting of previously granted restricted stock units.
- The transaction was executed at a price of $11.92 per share.
- Following the transaction, Echols directly owns 45,578 shares of UNFI common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction: Disposal of shares for tax withholding. |
| 03/12/2024 | Date of signature by Power-of-Attorney. |
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