Form 4: Performance Food Group Director David V. Singer Acquires Restricted Stock Units

Director David V. Singer of Performance Food Group Co. acquired 2,173 restricted stock units on November 19, 2024, which will vest on the earlier of November 19, 2025, or the next annual shareholder meeting.

Summary

• David V. Singer, a director at Performance Food Group Co., acquired 2,173 restricted stock units on November 19, 2024.
• These restricted stock units were granted at a price of $0.
• The units will vest in full on the earlier of November 19, 2025, or the date of the next regularly scheduled annual meeting of stockholders.
• Following this transaction, Mr. Singer's total holdings include 14,358 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is generally positive as it aligns interests. There are no negative implications.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The vesting schedule aligns the director's interests with the long-term success of the company.

Future Outlook

The restricted stock units will vest on the earlier of November 19, 2025, or the next regularly scheduled annual meeting of stockholders.

Industry Context

This is a standard practice for executive compensation in publicly traded companies, aligning management's interests with shareholder value.

Comparison to Industry Standards

• Granting restricted stock units is a common practice among publicly traded companies to incentivize and retain key personnel, such as directors.
• Companies like Sysco and US Foods also use similar equity-based compensation plans for their executives and directors.
• The vesting period of one year is fairly standard, although some companies may have longer or shorter vesting periods depending on their specific compensation strategies.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

restricted stock units, director, Performance Food Group, PFGC, stock acquisition, insider trading, equity compensation