Sundar PichaiSundar Pichai earned $164M in 2023

Steven L. Spinner has been the CEO of United Natural Foods, Inc. (UNFI) since 2008, bringing over a decade of leadership experience in the food industry. Before joining UNFI, he played key roles in Performance Food Group, helping it grow...

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Steven L. Spinner

Ex-CEO of United Natural Foods

Education

Bachelor's degree from Albright College

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

April 12, 1960 - 65 years ago

CEO of United Natural Foods for

12 years 11 months (Sep 2008 - Aug 2021)

Previous Experience

President and CEO of Performance Food Group

Holdings

See how much did Steven L. Spinner make over time.

Steven L. Spinner's stock holdings in UNFI have shown notable fluctuations. In 2021, he demonstrated his commitment to the company by executing significant stock transactions, reaching a peak value of around $10 million in April. This timing aligned with a...

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Total Stock Sold

$21.26M

ARCB

$2.81M

35,000 ARCB shares

UNFI

$18.44M

418,961 UNFI shares

What if they kept their stock?

If Steven L. Spinner didn't sell their stock, today they would have:
Extra ARCB35,000 shares worth $878.85K and UNFI418,961 shares worth $7.25M.
This is -61.75% and $13.13M less than what they got when they sold the stock.

Charitable Transactions

UNFI

29,355 shares

UNFI

ARCB

3,900 shares

ARCB

Recent Charitable Transactions

ARCB

1,400 shares

ARCB

Aug 15, 2023

Charity

ARCB

2,500 shares

ARCB

Feb 16, 2021

Charity

UNFI

17,418 shares

UNFI

Aug 1, 2020

Charity

UNFI

2,004 shares

UNFI

May 14, 2018

Charity

UNFI

2,046 shares

UNFI

Sep 15, 2017

Charity

UNFI

2,337 shares

UNFI

Jul 30, 2016

Charity

Insider Trading

See recent insider trades of Steven L. Spinner.

ARCB

1,250 shares

ARCB

May 7, 2024

Received

ARCB

1,400 shares

ARCB

Aug 15, 2023

Charity

ARCB

$438.14K

ARCB at $109.54/share

Aug 10, 2023

Sale

ARCB

1,400 shares

ARCB

May 5, 2023

Received

ARCB

1,600 shares

ARCB

May 6, 2022

Received

ARCB

$915.00K

ARCB at $91.50/share

Feb 9, 2022

Sale

ARCB

$450.00K

ARCB at $90.00/share

Feb 4, 2022

Sale

UNFI

$1.61M

UNFI at $40.00/share

Jun 2, 2021

Sale

ARCB

$921.58K

ARCB at $76.80/share

May 25, 2021

Sale

UNFI

$4.28M

UNFI at $39.00/share

May 17, 2021

Sale

Compensation History

See how much did Steven L. Spinner make over time.

In 2022, Steven L. Spinner's total compensation was about $7.3 million primarily due to severance payments as he retired. He received a salary of $1.2 million but was not eligible for bonuses or stock grants that year, which is unusual for someone in his position. This compensation structure highlights his recent exit from active management rather than a pay based on performance metrics. During his time, his compensation fluctuated significantly based on the company’s performance, with bonuses reaching over $2 million in prior years tied to financial targets. This shows how executive compensation can often be a reflection of both company performance and individual agreements made in past contracts, especially during transitional periods.

Year

2022

Total Compensation

$7.24M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes alignment with long-term stockholder interests and performance-based incentives.

Bonus

$0.00

Board Justification

Mr. Spinner was not eligible for a bonus in fiscal 2022 per his agreement and retirement on August 8, 2021.

Other

$6.04M

Board Justification

This includes Mr. Spinner’s severance payments owed per his Employment Agreement that were triggered upon his retirement in fiscal 2022, which amounted to $6,000,000, along with COBRA payments and other earned paid time off days.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Spinner was not eligible for any stock grants in fiscal 2022 due to his retirement.

Performance Metrics

The performance metrics for Mr. Spinner were not applicable in fiscal 2022 due to his retirement.