UNFI insider filing: 6,504 PSUs settled to shares for CCAO Echols

Rhea-AI Filing Summary

United Natural Foods, Inc. (UNFI) Form 4: Matthew T. Echols, an officer serving as Chief Commercial and Administrative Officer (CCAO), was credited with 6,504 performance share units (PSUs) that vested following the Compensation Committee's certification of performance under a PSU award granted October 6, 2022. The PSUs are settled one-for-one in common stock, so no cash purchase price was paid. After this settlement on 09/30/2025, Mr. Echols' beneficial ownership increased to 62,648 shares on a direct basis. The filing is signed via power of attorney on 10/01/2025.

Positive

• Officer received PSUs settled to stock, aligning compensation with performance outcomes
• Post‑transaction direct ownership increased to 62,648 shares, showing continued insider stake

Negative

• None.

Insights

Securities Analyst

TL;DR: Officer received vested PSUs converted to 6,504 shares, increasing direct holdings to 62,648 shares; a routine compensation settlement.

This Form 4 reports a non‑cash settlement of performance share units for an officer following compensation committee certification. The units were settled one‑for‑one into common stock, resulting in 6,504 additional shares and a post‑transaction direct beneficial ownership of 62,648 shares. The transaction code indicates an acquisition via award settlement rather than an open‑market purchase, so there is no price paid by the reporting person.

Corporate Governance Expert

TL;DR: Compensation committee certified performance, triggering PSU settlement; disclosure aligns with Section 16 reporting rules.

The filing documents a standard equity compensation event: PSUs granted in 2022 vested after performance certification and were settled in shares on 09/30/2025. The report was executed under power of attorney on 10/01/2025. This is a routine governance disclosure reflecting executive compensation realization rather than a discretionary trading decision.

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

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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^*

Echols Matthew T

(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)
	CCAO

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		6,504(1)	A	$0(2)	62,648	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 Matthew T. Echols report in the UNFI Form 4?

The filing reports the settlement of 6,504 PSUs into common stock on 09/30/2025, increasing his direct holdings to 62,648 shares.

Was there any cash paid by the reporting person for these shares (UNFI)?

No. The PSUs were settled one‑for‑one in shares with a $0 purchase price to the reporting person.

What triggered the PSU settlement reported for UNFI?

The Compensation Committee certified achievement of performance under a PSU award originally granted on October 6, 2022, triggering settlement.

How and when was the Form 4 executed for UNFI?

The Form 4 was signed under a power of attorney by Jody L. Hyvarinen on 10/01/2025.

What is the reporting person’s role at UNFI?

The reporting person, Matthew T. Echols, is identified as an Officer with title listed as CCAO.