2 unchanged sentences
Our common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “UNFI”.
−Removed: On July 30, 2022, we had 79 stockholders of record.
+Added: On September 21, 2023, we had 79 stockholders of record.
We have never paid any cash dividends on our capital stock and we have no current intention to pay cash dividends.
10 unchanged sentences
and United Natural Foods, Inc.
−Removed: July 29, 2017 July 28, 2018 August 3, 2019 August 1, 2020 July 31, 2021 July 30, 2022
+Added: July 28, 2018 August 3, 2019 August 1, 2020 July 31, 2021 July 30, 2022 July 29, 2023
United Natural Foods, Inc.
3 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: In September 2022, our Board of Directors authorized a new repurchase program for up to $200 million of our Common stock over a term of four years (the “2022 Repurchase Program”).
−Removed: Upon approval of the 2022 Repurchase Program, our Board terminated the repurchase program authorized in October 2017, which provided for the purchase of up to $200 million of our outstanding Common stock (the "2017 Repurchase Program").
−Removed: We did not repurchase any shares of our Common stock in fiscal 2022, 2021 or 2020 pursuant to the 2017 Repurchase Program.
+Added: On September 21, 2022, our Board of Directors authorized a new repurchase program for up to $200 million of our common stock over a term of four years (the “2022 Repurchase Program”).
+Added: Under the 2022 Repurchase Program, we repurchased approximately 1,888,000 shares of our common stock for a total cost of $62 million in fiscal 2023.
+Added: We did not repurchase any shares of our common stock in fiscal 2022 or 2021.
As of July 29, 2023, we had $138 million remaining authorized under the 2022 Repurchase Program.
−Removed: We will manage the pacing of any repurchases in response to market conditions and other relevant factors, including any limitations on our ability to conduct repurchases under the terms of our ABL Credit Facility, Term Loan Facility and Senior Notes.
−Removed: We may implement all or part of the repurchase program pursuant to a plan or plans meeting the conditions of Rule 10b5-1 under the Exchange Act.
−Removed: The following table contains the deemed surrender of shares to us by participants in our compensatory stock plans:
−Removed: (in millions, except shares and per share amounts) Total Number of Shares Purchased (2)
−Removed: Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (3)
−Removed: May 1, 2022 to June 4, 2022 — $ — — $ —
+Added: Any repurchases are intended to be made in accordance with applicable securities laws from time to time in the open market, through privately negotiated transactions or otherwise.
+Added: With respect to open market purchases, we may use a plan or plans meeting the conditions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed blackout periods.
+Added: We manage the timing of any repurchases in response to market conditions and other relevant factors, including any limitations on our ability to make repurchases under the terms of our ABL Credit Facility, Term Loan Facility and Senior Notes.
+Added: The following table presents purchases of our common stock and related information for each of the months in the quarter ended July 29, 2023:
+Added: (in millions, except shares and per share amounts) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (2)
+Added: April 30, 2023 to June 3, 2023 599,506 $ 27.09 599,506 $ 143
June 4, 2023 to July 1, 2023 191,115 $ 24.59 191,115 $ 138
2 unchanged sentences
(1) The reported periods conform to our fiscal calendar.
−Removed: (2) These amounts represent the deemed surrender by participants in our compensatory stock plans of 3,592 shares of our Common stock to cover taxes from the vesting of restricted stock awards and restricted stock units granted under such plans.
−Removed: (3) As of July 30, 2022, there was approximately $176 million that may yet be purchased under the share repurchase program.
−Removed: There were no share repurchases under the share repurchase program in the fourth quarter of fiscal 2022.
+Added: (2) The amounts shown in this column represent the amount remaining under the 2022 Repurchase Program as of June 3, 2023, July 1, 2023 and July 29, 2023.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.