UNFI awards 18,731 RSUs to President and CEO, vesting annually

Rhea-AI Filing Summary

United Natural Foods, Inc. (UNFI) reported an equity award to David Edward Best, identified as President and CEO, Retail. On 10/02/2025 the reporting person was granted 18,731 restricted stock units (RSUs) at a grant price of $0. Each RSU represents the right to one share of common stock upon vesting. The award vests in three equal annual installments beginning on 10/02/2026, so the first tranche becomes available one year after the grant date. The transaction was reported on Form 4 and executed through the company’s 2020 Equity Incentive Plan.

Positive

• 18,731 RSUs granted to align executive incentives with shareholders
• Vesting schedule in three equal annual installments supports retention through 2028

Negative

• No immediate ownership change; shares do not vest until 10/02/2026, delaying alignment
• Potential future dilution when RSUs convert to 18,731 shares upon vesting

Insights

Compensation Analyst

Grant aligns executive pay with equity performance but vests over three years.

The RSU award of 18,731 units provides long-term equity compensation that converts to common shares upon vesting, tying the executive’s incentives to shareholder value rather than immediate cash payout. Vesting in three equal annual installments starting on 10/02/2026 staggers benefit realization and supports retention.

Key dependencies include future stock price at each vest date and continued employment through each vesting tranche; the first material change occurs on 10/02/2026. Watch annual filings for dilution impact and reported compensation expense in the subsequent proxy and Form 10-K disclosures.

Insider Trade Summary

Net Buyer: 18,731 shares

Net Buy 1 txn

Insider Best David Edward

Role President and CEO, Retail

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	18,731	$0.00	$0.00

Holdings After Transaction: Common Stock — 18,731 shares (Direct)

Footnotes (1)

1. F1. This restricted stock unit ("RSU") award was granted pursuant to the Fourth Amended and Restated 2020 Equity Incentive Plan and will vest in three equal annual installments beginning on October 2, 2026. Each RSU represents the right to receive one share of common stock upon vesting in accordance with the terms of the reporting person's RSU agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/06/2025 - 08:05 AM Learn about SEC filing dates

FAQ

What did UNFI report on Form 4 for symbol UNFI?

The Form 4 reports a grant of 18,731 RSUs to David Edward Best on 10/02/2025, granted under the Fourth Amended and Restated 2020 Equity Incentive Plan.

Who is the reporting person in the UNFI Form 4 filing?

The reporting person is David Edward Best, listed as President and CEO, Retail.

When do the RSUs vest according to the filing?

The RSUs vest in three equal annual installments beginning on 10/02/2026.

How many shares will the RSUs convert into for UNFI?

Each RSU represents the right to one share, so the award will convert into 18,731 shares upon full vesting.

Was there a purchase price for the RSU grant in the Form 4?

The reported price for the RSU grant is shown as $0, indicating a compensation grant rather than a purchased transaction.

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Best David Edward

(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 and CEO, Retail

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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	10/02/2025		A		18,731(1)	A	$0	18,731	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. This restricted stock unit ("RSU") award was granted pursuant to the Fourth Amended and Restated 2020 Equity Incentive Plan and will vest in three equal annual installments beginning on October 2, 2026. Each RSU represents the right to receive one share of common stock upon vesting in accordance with the terms of the reporting person's RSU agreement.

Remarks:

	/s/ Jody L. Hyvarinen, Power-of-Attorney, in fact	10/06/2025
	** 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.