Performance Food Group (PFGC) Form 144 Discloses 1,529-Share Sale
Rhea-AI Filing Summary
Form 144 notice related to Performance Food Group Company (PFGC). The filer notifies an intended sale of 1,529 shares of common stock through Morgan Stanley Smith Barney LLC at an aggregate market value of $151,019.33, with an approximate sale date of 08/19/2025 on the NYSE. The filing states the shares were acquired as a Restricted Stock Award on 08/15/2025 and payment is recorded as 08/15/2025. The filing reports 156,519,106 shares outstanding. The document also discloses prior sales by the reporting person: 8,200 shares sold on 05/29/2025 generating $735,680.22 in gross proceeds. Several issuer identification fields (issuer name, SEC file number, issuer address) are not populated in the provided content.
Positive
- Broker and transaction details provided, including broker name (Morgan Stanley Smith Barney LLC), planned sale date, and aggregate market value
- Prior sales disclosed (8,200 shares sold on 05/29/2025 for $735,680.22), showing reporting of recent activity
- Acquisition method disclosed (Restricted Stock Award) with acquisition and payment dates recorded
Negative
- Issuer identification fields are not populated in the provided content (issuer name, SEC file number, issuer address missing)
- Limited context on materiality beyond shares outstanding; no issuer-specific metrics or explanations included
- Dates in the acquisition and sale schedule are tightly clustered but the filing provides no narrative or plan adoption date to clarify trading plan reliance
Insights
TL;DR: Small-scale insider sale notice; transaction size appears immaterial to market capitalization.
The filing documents an intended sale of 1,529 common shares via a broker on the NYSE at about $151k aggregate value. Against the reported 156,519,106 shares outstanding, the planned sale represents a de minimis fraction of outstanding stock, suggesting limited direct market impact. The filing also discloses a prior 10b5-1-style sale of 8,200 shares raising $735,680.22. Key issuer identification fields are blank in this extract, which limits cross-checking against other filings and public disclosures.
TL;DR: Form 144 documents compliance with Rule 144 sale notice; missing issuer details hinder verifiability.
The filer indicates acquisition of the to-be-sold shares via a restricted stock award and affirms representations required by the form. The inclusion of broker name and prior sales history supports procedural transparency. However, the absence of populated issuer identification fields in the provided content reduces the form's standalone clarity and makes it harder to conclusively link this notice to other corporate disclosures.