Performance Food Group (PFGC) EVP Davis reports 10b5-1 stock sales
Rhea-AI Filing Summary
Erika T. Davis, Executive Vice President and Chief Human Resources Officer of Performance Food Group Company (PFGC), reported two sales of common stock on 08/25/2025. The Form 4 shows a disposition of 1,050 shares (Transaction Code F) at an average price of $101.86, reducing her holdings to 53,238 shares, and a disposition of 1,320 shares (Transaction Code S(1)) at a weighted average price of $101.64, reducing her holdings to 51,918 shares. The sale under the S(1) entry was effected pursuant to a Rule 10b5-1 trading plan established on February 27, 2025. No derivative securities were reported.
Positive
- Disclosures include Rule 10b5-1 plan date (February 27, 2025), clarifying that some sales were pre-scheduled
- Weighted-average prices disclosed and the filer offers to provide per-price breakdowns, supporting transparency
- No derivative securities reported, indicating transactions were limited to straightforward equity disposals
Negative
- Total insider holdings reduced by 2,370 shares (from 54,288 to 51,918 as reflected across entries)
- Sales occurred at market prices, which could be viewed negatively by some investors interpreting officer selling
Insights
TL;DR: Routine insider stock sales totaling 2,370 shares under a 10b5-1 plan, disclosed with weighted-average pricing.
The reported transactions are disposals only and were partly executed under a pre-established Rule 10b5-1 plan, which typically indicates scheduled sales rather than opportunistic trades. The total shares sold equal 2,370 and the disclosed weighted-average prices are $101.86 and $101.64. Holdings declined from the pre-sale level to 51,918 shares after the reported trades. There are no derivatives or other complex instruments reported, and the filing includes an undertaking to provide price-level detail on request.
TL;DR: Proper Form 4 disclosure of officer sales with a documented 10b5-1 plan and attorney-in-fact signature.
The filing identifies Erika T. Davis as an officer and discloses two separate sale entries on the same date, one executed pursuant to a Rule 10b5-1 plan established February 27, 2025. The Form 4 is signed by an attorney-in-fact, which is consistent with authorized filing practices. The report contains an explicit offer to supply per-price breakdowns for the weighted-average sale, supporting transparency. No amendments or derivative positions are noted.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,050 | $101.86 | $107K |
| Sale | Common Stock | 1,320 | $101.64 | $134K |
Footnotes (1)
- The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on February 27, 2025. The price reported in Column 4 is a weighted average price of all shares sold. The shares were sold in multiple transactions at prices ranging in price from $101.50 to $101.87. The reporting person undertakes to provide to Performance Food Group Company, any security holder of Performance Food Group Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.