Form 4: PFGC Director Barbara Beck Receives Stock Grant

Performance Food Group Co. Director Barbara Beck was granted 3,516 deferred stock units, increasing her beneficial ownership to 22,746 shares.

Summary

• Director Barbara Beck of Performance Food Group Co. (PFGC) was granted 3,516 deferred stock units on November 19, 2025.
• The grant was made at a price of $0 per unit, indicating it is compensation rather than a purchase.
• Following this transaction, Ms. Beck's total beneficial ownership of Common Stock in PFGC increased to 22,746 shares.
• These deferred stock units are scheduled to vest in full on the earlier of November 19, 2026, or the date of the next regularly scheduled annual meeting of stockholders.
• The shares underlying these units will be issued to Ms. Beck after her separation from service with the Issuer.

Sentiment

Score: 6

Explanation: The filing indicates a routine compensation event for a director, which is generally positive as it aligns management/director interests with shareholders. It does not contain any negative financial or operational news.

Positives

• The grant of deferred stock units aligns the interests of Director Barbara Beck with those of Performance Food Group Co. shareholders, as her compensation is tied to the company's equity performance.

Future Outlook

The deferred stock units are set to vest on the earlier of November 19, 2026, or the next regularly scheduled annual meeting of stockholders. The underlying shares will be issued to the reporting person upon her separation from service with the company.

Industry Context

The grant of deferred stock units to a director is a common practice in corporate governance across various industries, serving as a form of equity-based compensation designed to align the interests of board members with long-term shareholder value.

Comparison to Industry Standards

• Equity-based compensation for non-employee directors, such as deferred stock units, is a standard practice among publicly traded companies, including those in the food distribution and services sector like Sysco Corporation (SYY) and US Foods Holding Corp. (USFD).
• The vesting schedule, tied to either a specific date or the next annual meeting, is typical for director compensation plans, ensuring continued service and alignment.

Corporate Governance

Related Party Transactions

• Grant of 3,516 deferred stock units to Barbara Beck, a director of Performance Food Group Co., as part of her compensation. This is a routine related-party transaction.

Stakeholder Impact

• Shareholders: The grant of equity-based compensation to a director helps align her long-term interests with those of the shareholders, potentially fostering decisions that enhance shareholder value.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The deferred stock units will vest on the earlier of November 19, 2026, or the next regularly scheduled annual meeting of stockholders.
• Shares underlying the units will be issued to Barbara Beck after her separation from service from Performance Food Group Company.

Key Dates

Keywords

Performance Food Group, PFGC, Form 4, Insider Transaction, Stock Grant, Director Compensation, Deferred Stock Units