Form 4: Performance Food Group Director Warren M. Thompson Receives Restricted Stock Units

Director Warren M. Thompson 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

• Warren M. Thompson, a director at Performance Food Group Co., received 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. Thompson's total holdings include 14,573 shares of common stock.

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.

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 annual shareholder meeting, incentivizing the director's continued service.

Industry Context

This type of equity grant is a common practice for compensating directors and aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice across many publicly traded companies, including those in the food distribution industry.
• Companies like Sysco and US Foods also use similar equity-based compensation to incentivize their board members.
• The vesting period of one year is also typical for these types of grants.

Stakeholder Impact

• The grant of restricted stock units to a director is generally viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

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