Brent King plans sale of 3,322 PFGC shares; earlier 5,641 sold via 10b5-1 (PFGC)
Filing Impact
Filing Sentiment
Form Type
144
Rhea-AI Filing Summary
Brent King reported a proposed sale of 3,322 shares of Common Stock. The shares are described as Restricted Stock Awards dated 08/17/2022. The filing also records prior 10b5-1 sales of 5,641 shares on 06/01/2026 for $545,115.78.
Positive
- None.
Negative
- None.
Insights
Routine affiliate sale notice; prior 10b5-1 activity shown.
The filing lists a proposed disposition of 3,322 shares tied to Restricted Stock Awards dated 08/17/2022. This is a standard notice used by affiliates to report intended sales.
Cashflow treatment for the proposed sale and whether it will follow a written plan are not stated in the excerpt; earlier 10b5-1 sales on 06/01/2026 totaled 5,641 shares for $545,115.78.
Key Figures
Proposed shares to sell: 3,322 shares
Recent 10b5-1 sale: 5,641 shares
Proceeds from recent sale: $545,115.78
3 metrics
Proposed shares to sell
3,322 shares
Restricted Stock Awards dated 08/17/2022
Recent 10b5-1 sale
5,641 shares
sold on 06/01/2026
Proceeds from recent sale
$545,115.78
aggregate proceeds for 5,641 shares on 06/01/2026
Key Terms
Form 144, Restricted Stock Awards, 10b5-1 Sales
3 terms
Form 144 regulatory
"144: Filer Information | 144: Issuer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Restricted Stock Awards financial
"Securities To Be Sold | Restricted Stock Awards | 08/17/2022"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
10b5-1 Sales regulatory
"Securities Sold During The Past 3 Months | 10b5-1 Sales for BRENT KING"
10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.
FAQ
What does the Form 144 for PFGC show about the proposed sale?
It shows a proposed sale of 3,322 shares of Common Stock tied to Restricted Stock Awards dated 08/17/2022. The filing lists the award type and the specific share count for the proposed disposition.
Does the Form 144 specify how the proposed sale will be executed?
No. The excerpt lists the proposed share amount and award date but does not specify sale method, timing, or cash‑flow treatment for the proposed disposition.
Who acted as broker or agent in the recorded sales?
The excerpt identifies Morgan Stanley Smith Barney LLC Executive Financial Services in the filer information, but it does not explicitly state whether that firm executed the recorded 10b5-1 sales.