Form 4: United Natural Foods Executive Matthew Echols Reports Stock Transaction
SEC Form 4 Filing
Matthew Echols, CCAO of United Natural Foods, reports disposition of 1,199 common stock shares to cover withholding taxes related to vesting restricted stock units.
Summary
- On October 12, 2024, Matthew T Echols, CCAO of United Natural Foods Inc. (UNFI), reported a transaction involving the disposition of 1,199 shares of common stock.
- The shares were disposed of to cover withholding taxes associated with the vesting of previously granted performance-based restricted stock units.
- The transaction price was $20.63 per share.
- Following the transaction, Echols directly owns 47,437 shares of UNFI common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
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.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of an executive's stock holdings.
Key Dates
| Date | Description |
|---|---|
| 10/12/2024 | Date of stock transaction (disposition of shares). |
| 10/15/2024 | Date of signature for the report. |
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