Form 4: Performance Food Group Director Kimberly Grant Acquires Restricted Stock Units

Director Kimberly Grant 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

• Kimberly Grant, 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, Ms. Grant's total holdings include 12,357 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is generally a positive sign of alignment between management and shareholders. There is no indication of any negative sentiment.

Positives

• The grant of restricted stock units to a director aligns their interests with the long-term performance of the company.
• The vesting schedule encourages the director's continued service and contribution to the company.

Future Outlook

The restricted stock units will vest on the earlier of November 19, 2025, or the next annual shareholder meeting, incentivizing the director's continued involvement.

Industry Context

This type of equity grant is a common practice for aligning the interests of directors with the long-term success of the company, and is typical in the food distribution industry.

Comparison to Industry Standards

• Equity grants to directors are a standard practice across publicly traded companies, including those in the food distribution sector such as Sysco and US Foods.
• The vesting period of approximately one year is also typical for these types of grants, aligning with standard industry practices for director compensation.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of shareholders, potentially leading to better long-term performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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