Form 4: PFGC CFO Hatcher Reports Stock Grants & Sales

Performance Food Group Co's CFO, Hugh Patrick Hatcher, reported the acquisition of restricted stock and performance-based awards, alongside a disposition for tax purposes.

Summary

• Hugh Patrick Hatcher, Executive Vice President and Chief Financial Officer of Performance Food Group Co (PFGC), reported transactions involving common stock.
• On August 19, 2025, Hatcher acquired 24,206 shares of common stock as a grant of performance-based restricted stock under the 2015 Omnibus Incentive Plan, which vested upon certification of performance targets related to relative total shareholder return for the period of July 3, 2022, to June 28, 2025.
• On the same date, Hatcher disposed of 9,533 shares of common stock at a price of $99.32 per share, likely for tax withholding purposes related to the vesting event.
• Additionally, Hatcher acquired 8,055 shares of common stock as a grant of restricted stock, which is set to vest in three equal annual installments beginning on August 19, 2026.
• Following these transactions, Hatcher's direct beneficial ownership of common stock stands at 57,128 shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the grants of performance-based and restricted stock, indicating executive retention and achievement of performance targets, which are generally viewed favorably. The disposition for tax purposes is a routine, neutral event.

Positives

• The grant of 24,206 performance-based restricted stock units indicates the achievement of performance targets related to relative total shareholder return for the period of July 3, 2022, to June 28, 2025.
• The grant of an additional 8,055 restricted stock units demonstrates ongoing executive compensation and retention efforts, aligning management's interests with long-term shareholder value.

Negatives

• The disposition of 9,533 shares at $99.32 per share, likely for tax withholding, reduces the executive's direct beneficial ownership, although this is a common practice following stock vesting.

Future Outlook

The filing indicates future vesting events for restricted stock, with 8,055 shares vesting in three equal annual installments beginning August 19, 2026.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions related to executive compensation. It does not provide broader industry context or trends but reflects standard practices for compensating senior executives in publicly traded companies within the food distribution sector.

Stakeholder Impact

• Shareholders: The grants align the interests of the Chief Financial Officer with shareholders through equity ownership, potentially encouraging long-term value creation. The disposition for tax purposes is a minor, routine event.

Next Steps

• The 8,055 restricted stock units will vest in three equal annual installments beginning on August 19, 2026.

Key Dates

Keywords

Performance Food Group, PFGC, SEC Form 4, Insider Trading, Stock Grant, Restricted Stock, Executive Compensation, Hugh Patrick Hatcher, CFO, Stock Ownership