Form 4: Performance Food Group Executive Hagerty Reports Stock Disposals to Cover Tax Obligations

Patrick T. Hagerty, an executive at Performance Food Group Co, disposed of shares to cover tax obligations arising from equity awards.

Summary

• Patrick T. Hagerty, Executive Vice President and Chief Commercial Officer at Performance Food Group Co, filed a Form 4 detailing changes in beneficial ownership.
• On August 22, 2024, Hagerty disposed of 1,525 shares of common stock at a price of $73.56.
• On August 25, 2024, Hagerty disposed of 1,803 shares of common stock at a price of $74.71.
• These transactions were likely to cover tax obligations.
• Following these transactions, Hagerty directly owns 170,987 shares of Performance Food Group Co.
• The filing was signed by A. Brent King, as Attorney-in-Fact, on August 26, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The stock disposals could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved.

Key Dates