Performance Food Group (PFGC): Officer Disposes of 4,316 Shares via 10b5-1
Rhea-AI Filing Summary
Erika T. Davis, identified as an officer (Executive Vice President and Chief Human Resources Officer) of Performance Food Group Company (PFGC), reported planned sales of common stock executed on 08/20/2025 under a Rule 10b5-1 trading plan established on 02/27/2025. Two sale entries are reported: 2,687 shares sold at a weighted average price of $100.23, and 1,629 shares sold at a weighted average price of $100.99. The filing shows the reporting persons beneficial ownership following the transactions as 57,002 shares after the first sale and 55,373 shares after the second sale.
Positive
- Sales executed under a Rule 10b5-1 trading plan, indicating pre-established scheduling of transactions
- Full disclosure of weighted-average prices and offer to provide per-price breakdowns, enhancing transparency
- Reporting persons corporate title disclosed (Executive Vice President and Chief Human Resources Officer)
Negative
- Insider reduced beneficial ownership by a total of 4,316 shares (2,687 + 1,629) as reported
- Final beneficial ownership decreased to 55,373 shares following the reported sales
Insights
TL;DR Insider sales were executed under a pre-established 10b5-1 plan; transactions are routine and provide limited immediate signal about company fundamentals.
The filings show planned dispositions of a total of 4,316 shares executed on 08/20/2025 at weighted average prices of $100.23 and $100.99. Because the sales were effected pursuant to a documented Rule 10b5-1 plan, they represent scheduled liquidity rather than ad hoc trading by the officer. The disclosure is clear about price ranges and the reporters undertaking to provide per-price breakdowns on request.
TL;DR The transaction follows governance best practices for insider trading disclosure via a 10b5-1 plan but reduces the officer's shareholdings modestly.
The form identifies the reporting persons corporate role and states the 10b5-1 plan establishment date (02/27/2025), which supports affirmative defense conditions. The filing includes weighted-average prices and offers to disclose per-price quantities, improving transparency. The reductions in beneficial ownership are explicitly reported and documented.