Performance Food Group (PFGC) CFO Hatcher Receives Awards, Shares Withheld

What Happened

• Hugh Patrick Hatcher, Executive Vice President and Chief Financial Officer of Performance Food Group (PFGC), received two equity awards and had shares withheld to cover tax obligations. On Aug 18, 2026, 18,353 performance-based restricted shares vested (granted at $0.00). Also on Aug 18, 2026, he was granted 8,801 restricted shares that vest in three equal annual installments beginning Aug 18, 2027.
• To satisfy tax/payment obligations, 7,097 shares were disposed on Aug 18, 2026 at $104.54 each (proceeds $741,920) and 1,175 shares were disposed on Aug 19, 2026 at $103.34 each (proceeds $121,425). Total shares withheld/disposed: 8,272 for aggregate proceeds of $863,345.

Key Details

• Transaction dates and prices:
  • 2026-08-18: 18,353 shares acquired (performance-based award) @ $0.00 (vested).
  • 2026-08-18: 7,097 shares disposed (tax/payment) @ $104.54 = $741,920.
  • 2026-08-18: 8,801 shares granted (time-based restricted stock) @ $0.00 (vests in installments).
  • 2026-08-19: 1,175 shares disposed (tax/payment) @ $103.34 = $121,425.
• Shares withheld/used to pay taxes: 8,272 shares total, aggregate cash value ~$863,345.
• Shares owned after the transactions: Not specified in the provided filing summary.
• Footnotes:
  • F1: The 18,353 shares were performance-based restricted stock that vested after certification of meeting relative total shareholder return targets for the July 2, 2023–June 27, 2026 performance period.
  • F2: The 8,801 shares are restricted stock that vest in three equal annual installments starting Aug 18, 2027.
  • Code F indicates shares were used to pay exercise price or tax liability (i.e., withholding), a routine administrative action.
• Filing timing: Report filed Aug 20, 2026 for transactions on Aug 18–19, 2026 — appears timely (no late filing flag in the provided info).

Context

• This was not an open-market sale for investment proceeds but routine withholding/payment related to equity awards vesting. Tax-withholding dispositions are common and do not necessarily indicate the insider is reducing their long-term holding.
• The primary actionable signal for investors is the vesting of performance-based shares (F1), which confirms the company-certified achievement of specified performance targets for the 2023–2026 period.