Form 4: United Natural Foods Executive Matthew Echols Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Matthew Echols, CCAO of United Natural Foods, Inc., reports disposing of 959 shares of common stock to cover withholding taxes related to vesting restricted stock units.
Summary
- On October 6, 2024, Matthew T Echols, the CCAO of United Natural Foods, Inc. (UNFI), disposed of 959 shares of common stock.
- The transaction was executed to cover withholding taxes associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $19.76 per share.
- Following the transaction, Echols directly owns 48,636 shares of UNFI common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.
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 |
|---|---|
| 10/06/2024 | Date of transaction: Matthew Echols disposed of 959 shares of UNFI common stock. |
| 10/08/2024 | Date of signature: Jody L. Hyvarinen signed the report as Power-of-Attorney. |
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