Form 4: PFGC Officer's Tax-Related Stock Disposition Under 10b5-1 Plan

Performance Food Group Co's Senior VP and Chief Accounting Officer, Chasity D. Grosh, disposed of 434 common shares for tax purposes under a pre-arranged 10b5-1 plan.

Summary

• Chasity D. Grosh, Senior Vice President and Chief Accounting Officer of Performance Food Group Co (PFGC), reported a transaction involving company common stock.
• On September 28, 2025, Grosh disposed of 434 shares of PFGC common stock.
• The transaction was coded as 'F', indicating shares were withheld to satisfy tax liability incident to the vesting of a security or restricted stock.
• The disposition occurred at a price of $104.3 per share.
• Following this transaction, Chasity D. Grosh directly beneficially owns 8,444 shares of Performance Food Group Co common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary disposition of shares to cover tax obligations, which is a neutral event and does not reflect a change in management's confidence or company performance.

Positives

• The transaction is a non-discretionary disposition for tax withholding, often associated with the vesting of equity awards, which is a routine part of executive compensation.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-arranged sale not based on material non-public information.

Negatives

• No direct negatives identified as the transaction is for tax withholding purposes and not a discretionary sale.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction related to equity compensation and tax obligations, which is common across publicly traded companies and does not inherently reflect broader industry trends.

Comparison to Industry Standards

• The disposition of shares for tax withholding purposes is a standard practice for executives receiving equity compensation across all industries, aligning with typical corporate governance and compensation structures.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related disposition, not a discretionary sale indicating a change in management's confidence in the company's prospects.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by an officer to cover tax liabilities, likely associated with the vesting of equity awards. Such transactions, especially when executed under a Rule 10b5-1 plan, are common and do not typically signal a change in the company's fundamentals or management's outlook. Therefore, it provides no new information to warrant a change in investment recommendation.

Keywords

Performance Food Group, PFGC, Chasity D. Grosh, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Equity Compensation, 10b5-1 Plan