[144] Performance Food Group Company SEC Filing
Rhea-AI Filing Summary
Performance Food Group Company (PFGC) notice reports a proposed sale under Rule 144 of 4,100 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $415,740.00. The shares were acquired as restricted stock awards on 08/22/2023 and are scheduled for sale on 09/02/2025. The filing lists prior Rule 10b5-1 plan sales by the same person totaling 8,442 shares across four transactions in August 2025, generating gross proceeds of $850,054.48. The filer represents there is no undisclosed material information and has provided broker details for the execution of the transaction.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider plans a modest Rule 144 sale; prior 10b5-1 sales in August generated ~$0.85M.
The filing documents a routine, compliant Rule 144 notice for 4,100 shares valued at $415,740, acquired as restricted stock awards in August 2023. The planned sale size is immaterial relative to the 156,519,106 shares outstanding, suggesting limited market impact. The presence of multiple August 2025 10b5-1 sales totaling 8,442 shares and ~$850k proceeds indicates ongoing systematic dispositions rather than a single ad hoc sale. From an investor monitoring perspective this is disclosure of insider liquidity but not a material red flag given the small percentages involved.
TL;DR: Filing appears procedurally sound and consistent with preplanned 10b5-1 dispositions.
The form includes required broker information and a signer attestation that no undisclosed material information exists, aligning with compliance best practices. The shares were originally issued as restricted awards and the seller has used a 10b5-1 framework for prior August sales, which helps insulate against insider trading concerns if properly documented. No governance issues or indications of unusual transactions are evident from this notice alone.