Performance Food Group (PFGC) Form 144 Reports 1,277-Share Sale
Rhea-AI Filing Summary
Performance Food Group Company (PFGC) Form 144 notice shows a proposed sale of 1,277 common shares through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value of $128,938.69 and an approximate sale date of 08/27/2025. The shares were acquired on 08/25/2025 under an RSA from the issuer and payment is recorded as made on that acquisition date.
The filing also discloses recent Rule 10b5-1 plan sales by Erika T. Davis totaling 15,365 shares sold during the past three months on dates 05/29/2025 (8,200 shares, $735,680.22), 08/19/2025 (1,529 shares, $152,365.00), 08/20/2025 (4,316 shares, $433,836.98) and 08/25/2025 (1,320 shares, $134,170.21). The filer certifies no undisclosed material adverse information and references Rule 10b5-1 plan adoption where applicable.
Positive
- Specific transaction details are provided: share counts, aggregate market values, broker, and approximate sale date for the proposed sale
- Prior 10b5-1 plan sales are itemized with dates and gross proceeds, improving transparency about recent insider liquidity
- Acquisition method for the scheduled sale is specified as an RSA with matching acquisition and payment dates
Negative
- Issuer contact details and some filer contact fields are not present in the provided extract, limiting independent verification
- Substantial insider sales occurred in the past three months (15,365 shares total), which could be viewed as notable insider liquidity
Insights
TL;DR: Insider sales under a 10b5-1 plan and a listed RSA-derived sale totaling 1,277 shares are disclosed; recent aggregated sales equal 15,365 shares.
The filing documents a proposed sale of 1,277 shares on 08/27/2025 acquired via RSA on 08/25/2025 and multiple executed 10b5-1 plan sales by Erika T. Davis during the prior three months. The analyst perspective focuses on the quantum and timing of insider liquidity: 15,365 shares sold in the period with disclosed gross proceeds for each transaction, and the upcoming sale routed through a major broker. The filing is procedural and follows Rule 144 notice requirements; it does not provide context on holding percentages or impact on outstanding float.
TL;DR: Disclosure is compliant: sale details, acquisition method (RSA), and 10b5-1 sales are listed; no material undisclosed information claimed by signer.
From a governance standpoint, the notice supplies required transaction-level detail: class, broker, share counts, market values, acquisition dates, and reliance on Rule 10b5-1 where applicable. The signer affirms absence of undisclosed material adverse information, consistent with Form 144 attestation norms. The document omits issuer address and some filer contact fields in the provided extract, which limits completeness for third-party verification but does not negate the transactional disclosures shown.