Performance Food Group (PFGC): Sachem Head proposes to sell 1.5 million PFGC shares
Sachem Head affiliate proposes selling 1.5M PFGC shares worth ~$151.3M via Jones Trading on NYSE, around 11/03/2026.
What this filing says
Sachem Head Capital Management, an investment manager whose managing partner is a former Performance Food Group director, filed notice of a proposed sale of 1,500,000 common shares through Jones Trading, with an approximate sale date of 11/03/2026 on the NYSE. The filing values the block at about $151.3 million based on the 11/02/2026 closing price. The shares were bought in 2024 and 2025, so this is a planned sale by an outside holder rather than a company action, and it does not by itself indicate what happens to the company.
Key figures
- Shares proposed to be sold
- 1,500,000 shares
- Aggregate market value
- $151,260,000
- Shares outstanding
- 157,533,032 shares
- Open market purchase shares
- 1,152,534 shares
- Total return swap settlement shares
- 347,466 shares
Negative for shareholders
- A large block of 1.5 million shares is proposed for sale, which could add supply to the market.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Form 144:
- A notice filed with the SEC before an affiliate of a company sells restricted or controlled shares under Rule 144.
- Total return swap:
- A derivative contract in which one party pays the return on a stock to another party without owning the shares directly.
- Affiliate:
- A person or group that controls, is controlled by, or is under common control with the company, usually including large shareholders and insiders.
FAQ
Who is selling Performance Food Group shares in this filing?
Sachem Head Capital Management LP, the investment manager of certain funds, is the person for whose account the shares are to be sold. Its managing partner, Scott Ferguson, is a former director of the issuer.
How many Performance Food Group shares are proposed to be sold and when?
The filing proposes to sell 1,500,000 common shares through Jones Trading with an approximate sale date of 11/03/2026 on the NYSE.
How were the shares being sold acquired?
Shares were bought in an open market purchase on 11/06/2024 for cash and received through physical settlement of total return swaps with a third-party financial institution on 09/16/2025, also paid in cash.
Historical context for PFGC
Across the 17 sessions after earlier PFGC headlines, the stock closed higher 8 times and lower 9 times, with a median move of 1.5% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | PFGC | SPY |
|---|---|---|---|
| Oct 14, 2026 | Performance Food Group Company to Host Webcast of First-Quarter Fiscal 2027 Results | +0.4% | -1.1% |
| Aug 27, 2026 | Performance Food Group Company to Participate in the Barclays 19th Annual Global Consumer Conference | -0.3% | +0.7% |
| Aug 20, 2026 | Performance Food Group Company Announces Board Updates | +0.6% | -0.8% |
| Aug 12, 2026 | Performance Food Group Company Reports Fourth-Quarter and Full-Year Fiscal 2026 Results | -5.7% | +0.3% |
| Jul 22, 2026 | Performance Food Group Company to Host Webcast of Fourth-Quarter Fiscal 2026 Results | +0.9% | -0.1% |
| Jul 7, 2026 | TD Cowen initiated coverage on Performance Food Group with a new price target | +1.5% | -0.5% |
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Food Distributors
- Listed since
- 2015
Follow PFGC and get a push notification the moment its next story breaks.