Performance Food Group Form 4 shows RSU grant, 3.35M shares at Sachem Head
Rhea-AI Filing Summary
Performance Food Group Company (PFGC) reported an insider equity grant involving director Scott D. Ferguson and affiliated investment entities. On 11/19/2025, Ferguson received 2,078 restricted stock units (RSUs) of PFGC common stock at a stated price of $0, reflecting an equity award rather than an open‑market purchase. These RSUs vest in full on the earlier of November 19, 2026 or the next regularly scheduled annual meeting of stockholders.
The filing is made jointly by Ferguson, Sachem Head Capital Management LP, Uncas GP LLC, and Sachem Head GP LLC, which are collectively described as the reporting persons. The RSUs are held by Ferguson for the benefit of Sachem Head under an arrangement between them. Separately from the RSU award, the reporting group indicates that 3,350,000 shares of PFGC common stock are owned by affiliated funds managed by Sachem Head, and the various entities may be deemed to beneficially own those shares, while disclaiming beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,078 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The shares of common stock reported in this transaction represent the grant of restricted stock units ("RSUs") by Performance Food Group Company (the "Issuer") to Scott D. Ferguson. The RSUs vest in full on the earlier of (i) November 19, 2026 and (ii) the next regularly scheduled annual meeting of stockholders of the Issuer. In addition to Scott D. Ferguson, this Form 4 is being filed jointly by Sachem Head Capital Management LP ("Sachem Head"), Uncas GP LLC ("SH Management") and Sachem Head GP LLC ("Sachem Head GP," and together with Sachem Head, SH Management, and Mr. Ferguson, the "Reporting Persons"). Each of the Reporting Persons has the same business address as Mr. Ferguson and may be deemed to be the beneficial owner of certain of the securities reported on this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. Pursuant to an arrangement between Mr. Ferguson and Sachem Head, the RSUs are held by Mr. Ferguson for the benefit of Sachem Head. Such units are included as directly beneficially owned by Mr. Ferguson, but may also be deemed to be beneficially owned by Sachem Head and Uncas GP LLC, Sachem Head's General Partner, as a result of such arrangement. All 3,350,000 of these shares represent the Issuer's common stock owned by the Sachem Head Funds (as defined below) prior to the Issuer's grant of any RSUs to Scott D. Ferguson. Includes securities directly owned by Sachem Head LP ("SH"), Sachem Head Master LP ("SHM"), and SH Stony Creek Master Ltd. ("Stony Creek Master" and, together with SH and SHM, the "Sachem Head Funds"). Each of Sachem Head, as the investment adviser to the Sachem Head Funds, SH Management, as the sole general partner of Sachem Head, and Scott D. Ferguson, as the managing partner of Sachem Head, may be deemed to beneficially own the securities directly owned by the Sachem Head Funds. As the general partner of SH and SHM, Sachem Head GP may be deemed to beneficially own the securities directly owned by SH and SHM. The principal business of Sachem Head is to serve as investment advisor to certain affiliated funds, including the Sachem Head Funds. The principal business of SH Management is to serve as the sole general partner of Sachem Head. The principal business of Sachem Head GP is to serve as the general partner of certain affiliated funds, including SH and SHM. The principal occupation of Scott D. Ferguson is to serve as the managing partner of Sachem Head and the managing member of SH Management and Sachem Head GP.