Form 4: Performance Food Group Director Matthew Flanigan Receives Restricted Stock Units

Director Matthew Flanigan of Performance Food Group Co. was granted 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

• Matthew Flanigan, a director at Performance Food Group Co., received 2,173 restricted stock units on November 19, 2024.
• These restricted stock units will vest in full on the earlier of November 19, 2025, or the date of the next regularly scheduled annual meeting of stockholders.
• The grant was made at a price of $0 per unit.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting restricted stock units to a director, which is generally viewed positively as it aligns interests. There are no negative implications or surprises.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

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 compensating directors and aligning their interests with the long-term performance of the company. It is common for companies to use restricted stock units as part of their compensation packages for directors and executives.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across publicly traded companies, including those in the food distribution industry.
• Companies like Sysco and US Foods also use equity-based compensation to align director and executive interests with shareholder value.
• The vesting period of one year or until the next annual meeting is also typical for such grants.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages the director's continued service and commitment to the company.

Key Dates

Keywords

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