Form 4: PFGC CFO Sells Shares for Tax Obligations

Performance Food Group Co's CFO, Hugh Patrick Hatcher, disposed of 839 shares of common stock at $98.05 per share to cover tax liabilities.

Summary

• Hugh Patrick Hatcher, Executive Vice President and Chief Financial Officer of Performance Food Group Co (PFGC), disposed of 839 shares of common stock.
• The transaction occurred on August 15, 2025, at a price of $98.05 per share.
• This disposition was marked with transaction code "F", indicating it was for the payment of tax liability by withholding securities.
• Following this transaction, Mr. Hatcher directly beneficially owns 34,400 shares of PFGC common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-scheduled.

Sentiment

Score: 7

Explanation: The transaction is a routine tax-related sale by an executive, not indicative of a change in sentiment or outlook. The executive retains a substantial holding, suggesting continued confidence.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not a discretionary sale based on new information.
• The disposition was for tax withholding, which is a common and expected event for executive compensation.
• The CFO still retains a significant holding of 34,400 shares, demonstrating continued alignment with shareholder interests.

Negatives

• A reduction in direct beneficial ownership by a key executive, even if for tax purposes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor reduction in direct beneficial ownership by a key executive, but the transaction is routine and tax-related, not a signal of lack of confidence. The executive's continued significant holding aligns interests.

Key Dates

Recommendation

The transaction is a routine, pre-planned sale of shares by the CFO to cover tax obligations, which is a common occurrence for executive compensation. It does not reflect a change in the company's fundamentals or the executive's confidence, as a substantial number of shares are still held. Therefore, it does not warrant a change in investment thesis based solely on this filing.

Keywords

Performance Food Group, PFGC, Form 4, Insider Trading, Executive Compensation, Stock Sale, Hugh Patrick Hatcher, CFO, Tax Withholding, Rule 10b5-1