Affiliate files to sell 2,500 PFGC shares via Morgan Stanley (NYSE: PFGC)

Rhea-AI Filing Summary

PFGC affiliate filed a Form 144 notice to sell 2,500 shares of Common Stock. The sale is listed through Morgan Stanley Smith Barney LLC with an aggregate value of $237,500. The shares derive from restricted stock vesting: 1,091 shares vested on 11/16/2023 and 1,409 shares vested on 11/18/2021.

Insights

Securities Legal Analyst

Form 144 documents a proposed affiliate sale of vested restricted shares, not a completed transaction.

Form 144 serves as a notice of a proposed sale by an affiliate; it does not itself effect a sale. The filing lists 2,500 shares and an aggregate value of $237,500, and names Morgan Stanley Smith Barney LLC as the broker-dealer.

Because the shares are identified as resulting from restricted stock vesting on 11/16/2023 and 11/18/2021, subsequent trade timing and execution method depend on broker activity and applicable resale rules. Subsequent filings will show whether and when the sales occur.

Key Figures

Shares covered by Form 144: 2,500 shares Aggregate value: $237,500 Vested shares (lot 1): 1,091 shares +1 more

4 metrics

Shares covered by Form 144 2,500 shares aggregate amount listed in the filing

Aggregate value <money>$237,500</money> aggregate value shown alongside broker details

Vested shares (lot 1) 1,091 shares vested on <date>11/16/2023</date>

Vested shares (lot 2) 1,409 shares vested on <date>11/18/2021</date>

Key Terms

Form 144, Restricted stock vesting under a registered plan, Broker-dealer (Morgan Stanley Smith Barney LLC)

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

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 vesting under a registered plan financial

"Restricted stock vesting under a registered plan | Issuer"

Broker-dealer (Morgan Stanley Smith Barney LLC) financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2500	237500.00	157089851	05/20/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/16/2023	Restricted stock vesting under a registered plan	Issuer			1091	11/16/2023	Services Rendered
Common	11/18/2021	Restricted stock vesting under a registered plan	Issuer			1409	11/18/2021	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does PFGC's Form 144 filing mean?

It notifies the SEC of a proposed sale by an affiliate and does not complete a sale. The filing lists 2,500 shares and an aggregate value of $237,500, with sales to be handled by Morgan Stanley Smith Barney LLC.

How many PFGC shares are covered by this notice?

The notice covers 2,500 shares of Common Stock. Those comprise 1,091 shares vested on 11/16/2023 and 1,409 shares vested on 11/18/2021, as shown in the filing.

Who is the broker handling the proposed PFGC sale?

The filing names Morgan Stanley Smith Barney LLC as the broker-dealer listed for execution. The filing attributes the proposed sale to that broker for handling resale transactions on behalf of the affiliate.

Does this Form 144 show proceeds will go to the issuer (PFGC)?

The filing lists an affiliate sale; it does not indicate proceeds to the issuer. The document shows the sale is by an affiliate via a broker-dealer; it does not state that the issuer will receive any proceeds.

When did the restricted shares vest for the reported lots?

The filing shows two vesting dates: 1,091 shares vested on 11/16/2023, and 1,409 shares vested on 11/18/2021. These dates are listed in the securities-to-be-sold section.