UNFI insider: Mark Bushway adds 5,739 shares from performance awards

Rhea-AI Filing Summary

Mark Bushway, President, Natural & CSCO of United Natural Foods, Inc. (UNFI), reported a transaction on 09/30/2025 in which 5,739 shares of common stock were acquired upon settlement of performance share units (PSUs). After the settlement, the reporting person beneficially owns 49,532 shares. The filing states PSUs were earned under a grant dated October 6, 2022, and are settled one-for-one in common stock so no purchase price was paid by the reporting person. The Form 4 was filed by one reporting person and signed by a power of attorney on 10/01/2025.

Positive

• 5,739 shares acquired through PSU settlement, increasing insider ownership
• PSUs were settled one-for-one into common stock with $0 purchase price as disclosed

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Officer received PSU settlement increasing direct ownership; indicates routine equity compensation vesting, not an open-market purchase.

The disclosure shows a standard settlement of performance-based equity awarded in 2022. The reporting person received 5,739 shares following committee certification, which increases insider alignment with shareholders by converting earned PSUs to common stock. The transaction was settled one-for-one with no cash exchanged, consistent with typical long-term incentive plan mechanics.

Securities Analyst

TL;DR: Transaction is a non-cash settlement of previously granted PSUs that modestly raises insider shareholdings.

This Form 4 records the conversion of PSUs into 5,739 shares, bringing total beneficial ownership to 49,532 shares. Because the shares were issued from earned awards rather than purchased on the open market, the filing reflects compensation realization rather than new capital deployment by the officer. The event is notable for insider holdings tracking but is routine in nature.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bushway Mark

(Last) (First) (Middle)

C/O UNITED NATURAL FOODS, INC.

15 PARK ROW WEST, SUITE 302

(Street)

PROVIDENCE RI 02903

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED NATURAL FOODS INC [ UNFI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Natural & CSCO

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		A		5,739(1)	A	$0(2)	49,532	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the number of performance share units ("PSUs") earned after the Compensation Committee's certification to the achievement of performance under the terms of a PSU award granted on October 6, 2022.

2. PSUs are settled in shares of common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Jody L. Hyvarinen, Power-of-Attorney, in fact	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Mark Bushway report on the UNFI Form 4?

He reported acquisition of 5,739 shares on 09/30/2025 from settlement of performance share units, increasing his beneficial ownership to 49,532 shares.

Were the shares purchased on the open market in the UNFI Form 4?

No. The filing states the shares resulted from PSU settlement and were settled one-for-one with a $0 purchase price.

When were the underlying PSUs originally granted?

The PSUs were granted on October 6, 2022, and were earned following Compensation Committee certification as noted in the filing.

Who filed the Form 4 for Mark Bushway and when was it signed?

The form was filed by one reporting person and the signature on the filing was executed by a power of attorney on 10/01/2025.

How many shares does Mark Bushway own after the reported transaction?

The filing reports he beneficially owns 49,532 shares following the PSU settlement.