Form 4: PFGC COO Sells Shares for Tax Obligation

Performance Food Group Co's President and COO, Scott E. McPherson, disposed of 1,033 shares of common stock to cover tax liabilities.

Summary

• Scott E. McPherson, President and Chief Operating Officer of Performance Food Group Co (PFGC), reported a transaction involving company common stock.
• On August 22, 2025, McPherson disposed of 1,033 shares of common stock.
• This disposition was executed at a price of $101.91 per share.
• The transaction code 'F' indicates these shares were withheld to cover tax liabilities related to the receipt, exercise, or vesting of a security.
• Following this transaction, McPherson directly beneficially owns 172,952 shares of Performance Food Group Co common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up a pre-arranged schedule for buying or selling company stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes, not indicative of a change in company fundamentals or management's view on the stock.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled and automated sale, not a discretionary decision based on new information.

Negatives

• A reduction in direct beneficial ownership by a key executive, although for tax purposes, slightly decreases insider alignment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal impact as it's a routine tax-related sale, not a discretionary sale indicating lack of confidence.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations, executed under a Rule 10b5-1(c) plan. Such transactions are common and do not typically signal a change in the company's fundamentals or the executive's long-term outlook. Therefore, it provides no new information to alter an existing investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Performance Food Group, PFGC, Scott E. McPherson, Insider Trading, Form 4, Stock Sale, Tax Withholding, Executive Compensation, Beneficial Ownership