Performance Food Group insider grant: 2,761 restricted shares to accounting chief
Rhea-AI Filing Summary
Performance Food Group reporting person Chasity D. Grosh, identified as Senior Vice President and Chief Accounting Officer, was granted 2,761 shares of restricted common stock on 08/19/2025. The grant is reported as an acquisition (code A(1)) with a $0 price and vests in three equal annual installments beginning 08/19/2026. After the reported transaction Grosh beneficially owns 8,878 shares. The Form 4 was signed by an attorney-in-fact on 08/20/2025. No derivatives, option exercises, cash purchases, or other transactions are disclosed in this filing.
Positive
- None.
Negative
- None.
Insights
TL;DR: A standard restricted stock grant to align executive incentives with shareholders; vesting over three years limits immediate dilution.
The grant of 2,761 restricted shares to the company's Senior VP and Chief Accounting Officer appears to be a routine equity award intended for retention and alignment. Vesting in three equal annual installments beginning one year after grant is a common structure to promote multi-year retention. The reported acquisition price of $0 indicates these are restricted stock awards rather than a purchase. Given the reported post-transaction beneficial ownership of 8,878 shares, the absolute size of the award is small relative to typical public-company share counts and likely immaterial to capital structure.
TL;DR: Disclosure is timely and complete for a Form 4; transaction details and vesting schedule are clearly stated.
The filing clearly identifies the reporting person, role, transaction date, amount acquired, vesting schedule, and post-transaction ownership, satisfying Section 16 reporting requirements. The use of an attorney-in-fact signature is properly disclosed. There are no indications of pledges, dispositions, or related-party transactions in this Form 4. From a governance perspective, the award follows typical practices for senior officers and does not raise immediate red flags based on the information provided.