Performance Food Group Executive Hugh Patrick Hatcher Sells 3,000 Shares
Key Points
The executive traded 3,000 shares for a total transaction value of ~$298,000 on September 1, 2026.
The transaction size was ~5% of the shares held directly by the insider prior to the filing.
The disposal was executed through a direct open-market sale under a Rule 10b5-1 trading plan.
This activity represents routine portfolio management under a pre-established plan, occurring as the stock shows a -2% return for the year ending September 1, 2026.
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Hugh Patrick Hatcher, Executive Vice President and Chief Financial Officer at Performance Food Group Company (NYSE:PFGC), sold 3,000 shares of common stock on Sept. 1, 2026, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | ~$298,000 |
| Shares sold | 3,000 |
| Post-transaction shares (directly held) | 58,167 |
| Post-transaction value | $5.77 million |
Transaction value based on SEC Form 4 weighted average sale price ($99.18); post-transaction value based on Sept. 1, 2026, market close ($99.20).
Key questions
- Was the transaction discretionary?
The sale was conducted under a Rule 10b5-1 trading plan established on Feb. 10, 2026, which removes the insider's discretion regarding the timing and pricing of the trade to avoid concerns regarding material non-public information. - How does this affect the insider's equity position?
Hugh Patrick Hatcher maintains a direct holding of 58,167 shares following this sale, which represents approximately 0.0370% of the company's outstanding equity. - What is the company's current financial profile?
Performance Food Group Company, which distributes food and food-related products in North America, reported trailing-twelve-month revenue of $67.8 billion and net income of $359 million as of the Sept. 1, 2026, market close. - What was the price execution for this disposal?
The shares were sold in multiple transactions at weighted average prices ranging from $98.73 to $99.71 per share.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-01) | $99.20 |
| Market Capitalization | $15.7 billion |
| Revenue (TTM) | $67.8 billion |
| Net Income (TTM) | $359.3 million |
Company Snapshot
- Performance Food Group Company distributes a comprehensive range of food and food-related products across North America, including beef, pork, poultry, seafood, frozen and refrigerated products, dry groceries, candy, snacks, beverages, and fresh produce through its diversified product portfolio.
- The company operates through three primary business segments--Foodservice, Convenience, and Specialty--which generate revenue by marketing and distributing food products to various customer categories across the region.
- The company serves foodservice operators, convenience stores, and specialty retailers as its primary customer base, positioning itself as a critical supply chain partner for food distribution across North America.
Performance Food Group is a large-scale food distributor with TTM revenues of $67.8 billion and a market capitalization of $15.7 billion, reflecting its substantial position within the food distribution sector.
The company's diversified three-segment operating structure and extensive product portfolio provide multiple revenue streams and customer touchpoints across the North American foodservice and retail landscape.
With 43,780 employees and a comprehensive distribution network, PFGC maintains competitive advantages through scale, supply chain efficiency, and established relationships with both suppliers and customers.
What this transaction means for investors
This sale shouldn't concern investors. It was executed under a Rule 10b5-1 plan, which is commonly used to allow insiders to make transactions without reflecting a view on a company's fundamentals or valuation.
Moreover, this sale represented a small percentage of the insider's stake in the company's stock.
TTM revenue continues to grow in line with historical trends, up about 6% year over year. The company's operating margin is also holding steady in the low-single-digit range.
The stock's recent pullback could present a buying opportunity. Analysts expect double-digit earnings growth in the coming years, while the shares now trade at a more modest forward price-to-earnings multiple of 17.4x.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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