Performance Food Group (NYSE: PFGC) CFO gets grants, 8,272 shares withheld
Rhea-AI Filing Summary
Performance Food Group Co (PFGC) reported that Executive Vice President and Chief Financial Officer Hugh Patrick Hatcher had multiple equity transactions in Common Stock. On August 18, 2026, he acquired 18,353 shares as a grant of performance-based restricted stock under the 2015 Omnibus Incentive Plan, tied to performance goals based on relative total shareholder return for the period from July 2, 2023 to June 27, 2026; these shares vested when the Human Capital and Compensation Committee certified achievement of the performance targets. On the same date, he also received a grant of 8,801 restricted shares that vest in three equal annual installments beginning on August 18, 2027. To cover payment of exercise price or tax liability by delivering or withholding securities, he disposed of 7,097 shares at $104.54 per share on August 18, 2026 and 1,175 shares at $103.34 per share on August 19, 2026. The transactions were not reported as undertaken pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 18,882 shares
Net Buy
4 txns
Insider
Hatcher Hugh Patrick
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,175 | $103.34 | $121K |
| Grant/Award | Common Stock F1 | 18,353 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,097 | $104.54 | $742K |
| Grant/Award | Common Stock F2 | 8,801 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 62,698 shares (Direct)
Footnotes (2)
- F1. Represents a grant of performance-based restricted stock under the 2015 Omnibus Incentive Plan that vested on the date the Human Capital and Compensation Committee of the Company certified the achievement of the applicable performance targets based on the extent to which the applicable performance goals, which are based on relative total shareholder return, were attained for the performance period of July 2, 2023, to June 27, 2026.
- F2. Represents a grant of restricted stock that vests in three equal annual installments beginning on August 18, 2027.
Key Figures
Shares granted (performance-based restricted stock): 18,353 shares
Shares granted (time-vested restricted stock): 8,801 shares
Shares disposed for exercise price or tax liability (Aug 18, 2026): 7,097 shares at $104.54 per share
+3 more
6 metrics
Shares granted (performance-based restricted stock)
18,353 shares
Grant that vested upon certification of performance goals for July 2, 2023–June 27, 2026
Shares granted (time-vested restricted stock)
8,801 shares
Restricted stock vesting in three equal annual installments beginning August 18, 2027
Shares disposed for exercise price or tax liability (Aug 18, 2026)
7,097 shares at $104.54 per share
Code F transaction to pay exercise price or tax liability by delivering or withholding securities
Shares disposed for exercise price or tax liability (Aug 19, 2026)
1,175 shares at $103.34 per share
Code F transaction to pay exercise price or tax liability by delivering or withholding securities
Exercise-price-or-tax-liability shares (total)
8,272 shares
Aggregate shares in two Code F transactions reported in the transaction summary
Performance period for performance-based grant
July 2, 2023 to June 27, 2026
Period over which relative total shareholder return goals were measured
Key Terms
performance-based restricted stock, relative total shareholder return, 2015 Omnibus Incentive Plan, Human Capital and Compensation Committee
4 terms
performance-based restricted stock financial
"Represents a grant of performance-based restricted stock under the 2015 Omnibus"
Shares granted to employees or executives that are held back and only become actual, tradable stock if the company meets predefined performance targets; until those goals are met the shares cannot be sold. Think of it like a bonus held in escrow that’s released only when specific results are achieved — investors watch these awards because they tie management pay to company outcomes, can dilute existing shareholders when released, and signal how confident or incentivized insiders are to meet growth or profitability goals.
2015 Omnibus Incentive Plan financial
"grant of performance-based restricted stock under the 2015 Omnibus Incentive Plan"
Human Capital and Compensation Committee financial
"vested on the date the Human Capital and Compensation Committee of the Company"
FAQ
What equity awards did PFGC CFO Hugh Patrick Hatcher receive in this Form 4?
Hugh Patrick Hatcher received 18,353 performance-based restricted shares that vested upon certification of performance goals for July 2, 2023–June 27, 2026, and a separate grant of 8,801 restricted shares that vest in three equal annual installments beginning on August 18, 2027.
What are the vesting terms of the new restricted stock grant reported for PFGC?
The new restricted stock grant of 8,801 shares to Hugh Patrick Hatcher vests in three equal annual installments, starting on August 18, 2027. Each year, one-third of the grant will vest, subject to the plan terms.
What performance period applies to the PFGC performance-based restricted stock grant?
The performance-based restricted stock grant of 18,353 shares relates to a performance period from July 2, 2023 to June 27, 2026, with performance goals based on relative total shareholder return and vesting upon certification by the Human Capital and Compensation Committee.
Were the reported PFGC insider transactions under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox was not marked, so the transactions by Hugh Patrick Hatcher were not reported as being made pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
