Performance Food Group insider reports vested awards and sale on 08/19/2025
Rhea-AI Filing Summary
Insider transactions at Performance Food Group Company (PFGC) show that Craig Howard Hoskins, Executive Vice President and Chief Development Officer, reported three transactions on 08/19/2025. He received 41,603 shares from a performance-based restricted stock grant that vested after certification of relative total shareholder return goals for the July 3, 2022 to June 28, 2025 performance period. He disposed of 18,413 shares at $99.32 per share and received 5,035 restricted shares that vest on August 19, 2026. Following these changes he beneficially owns 164,723 shares directly.
Positive
- Reported vesting of 41,603 performance-based restricted shares tied to certified relative total shareholder return goals, showing alignment of compensation with shareholder outcomes
- Retains a meaningful direct ownership stake of 164,723 shares after transactions, indicating continued insider exposure to company performance
- Received a time-vested restricted grant of 5,035 shares that vest on August 19, 2026, supporting retention incentives
Negative
- Sale of 18,413 shares at $99.32 represents a material disposition on the reporting date and reduces insider shareholdings
Insights
TL;DR: Insider received vested performance shares, sold a portion at $99.32, and retains a substantial direct stake.
The filing documents vested performance-based restricted stock of 41,603 shares tied to relative total shareholder return for a three-year performance period and a separate restricted grant of 5,035 shares that vest in 2026. The sale of 18,413 shares at $99.32 reduces immediate holdings but the reporting person still holds 164,723 shares directly after the transactions. All actions are reported under Section 16 timing and executed or reported on 08/19/2025 with signature dated 08/20/2025.
TL;DR: Transactions are routine executive compensation vesting and a market sale; disclosures appear complete.
The report explains that performance-based awards vested upon certification by the Human Capital and Compensation Committee based on TSR performance metrics and separately records a restricted stock grant with a one-year deferral. The form includes roles and address information and an attorney-in-fact signature, indicating standard compliance with Section 16 reporting requirements. No derivative transactions or amendments are reported.