Form 4: Performance Food Group Executive Hugh Patrick Hatcher Reports Stock Disposals
SEC Form 4 Filing
Hugh Patrick Hatcher, Executive Vice President and CFO of Performance Food Group Co, reported the disposal of common stock to cover tax obligations.
Summary
- On August 22, 2024, Hugh Patrick Hatcher disposed of 1,001 shares of Performance Food Group Co common stock at a price of $73.56.
- On August 25, 2024, Hatcher disposed of an additional 814 shares of common stock at $74.71.
- Following these transactions, Hatcher directly owns 39,934 shares of Performance Food Group Co.
- The disposals were related to covering tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals, which are common for executives. The disposals appear to be related to tax obligations, which is a normal part of executive compensation.
Industry Context
Executive stock disposals are a common occurrence, often related to tax obligations or diversification strategies. The market typically assesses these transactions based on their size and frequency to gauge potential impact.
Stakeholder Impact
- The stock disposal could have a minor impact on shareholders if it signals a lack of confidence, but given the explanation of tax obligations, the impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Disposal of 1,001 shares of common stock at $73.56. |
| 08/25/2024 | Disposal of 814 shares of common stock at $74.71. |
| 08/26/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.