United Natural Foods Reports Employment Inducement Grant
December 11 2020 - 5:14PM
Business Wire
United Natural Foods, Inc. (NYSE: UNFI) (the “Company” or
“UNFI”) announced today that on December 11, 2020, it granted a
restricted stock unit (“RSU”) award to R. Eric Esper, its Chief
Accounting Officer and Controller, covering a total of 43,324
shares of common stock of UNFI. The RSU will vest in three equal
annual installments, beginning on the first anniversary of the date
of grant.
The RSU was awarded pursuant to Mr. Esper's previously announced
appointment, with the number of shares determined based on the
market price on the date of grant. The RSU was approved by the
Company’s Compensation Committee as an inducement grant in reliance
on the employment inducement exemption under Rule 303A.08 of the
New York Stock Exchange (NYSE) Listing Standards. This announcement
is being made pursuant to the requirements of Rule 303A.08. The
terms of the RSU awarded to Mr. Esper are substantially the same as
those of other RSUs granted to other UNFI employees. The RSU was
not issued under UNFI’s 2020 Equity Incentive Plan but will be
governed as if it were so issued.
About United Natural Foods
UNFI is North America's premier food wholesaler delivering the
widest variety of products to customer locations throughout North
America including natural product superstores, independent
retailers, conventional supermarket chains, ecommerce retailers,
and food service customers. By providing this deeper ‘full-store’
selection and compelling brands for every aisle, UNFI is uniquely
positioned to deliver great food, more choices, and fresh thinking
to customers everywhere. Today, UNFI is the largest publicly-traded
grocery distributor in America. To learn more about how UNFI is
Moving Food Forward, visit www.unfi.com.
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INVESTOR CONTACT: Steve
Bloomquist Vice President,
Investor Relations 952-828-4144
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