Form 4: Performance Food Group Director Barbara Beck Receives Deferred Stock Units

Director Barbara Beck of Performance Food Group Co. was granted 3,682 deferred stock units, which will vest in full on the earlier of November 19, 2025, or the next annual shareholder meeting.

Summary

• Barbara Beck, a director at Performance Food Group Co., received 3,682 deferred stock units.
• These units were granted on November 19, 2024, at a price of $0.
• The deferred stock units will vest in full on the earlier of November 19, 2025, or the next regularly scheduled annual meeting of stockholders.
• The shares will be issued to Ms. Beck after her separation from service from the company.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of deferred stock units to a director, which is generally viewed as a positive for aligning interests, but not a major event.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Risks

• The value of the deferred stock units is subject to the future performance of the company's stock price.
• The actual value of the shares received will depend on the stock price at the time of issuance after Ms. Beck's separation from service.

Future Outlook

The deferred stock units will vest on the earlier of November 19, 2025, or the next annual shareholder meeting, and the shares will be issued after Ms. Beck's separation from service.

Industry Context

This type of equity compensation is common for directors and executives in publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• Deferred stock units are a standard form of compensation for board members across various industries.
• Companies like Sysco and US Foods also use similar equity-based compensation for their directors.
• The vesting period of approximately one year is also typical for these types of grants.

Stakeholder Impact

• The grant of deferred stock units aligns the director's interests with those of shareholders.
• The vesting schedule encourages continued service and commitment from the director, which can benefit the company.

Key Dates

Keywords

deferred stock units, director, Performance Food Group, stock grant, equity compensation, insider transaction