Performance Food Group (PFGC) sees Significant Insider Sales Reversing the Trend of buys over Last Quarter

Monday, September 18, 2017 10:15 PM ET

Performance Food Group (PFGC) sees Significant Insider Sales Reversing the Trend of buys over Last Quarter

In SEC filings today Performance Food Group disclosed two insiders — William F Dawson Jr, 10% Owner and Director, and Wellspring Capital Partners IV Lp, 10% Owner — sold 10,000,000 shares in the company having a market value of approximately $282,500,000. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the purchase of 3,575 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 9,996,425 shares and have averaged 3,334,525 shares per transaction over this time period.

The number of insider buy/sell trades at Performance Food Group is above the 20 peer company average over the last 90-day period. The Food Retail & Distribution peer group saw 10 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Performance Food Group insiders was also higher. Within the peer group there were 46,625 shares purchased and 773,076 shares sold with company insiders having sold 72,645 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in composing and writing this story.

Today’s Insider Activity
* William F Dawson Jr, 10% Owner and Director, sold 5,000,000 shares
* Wellspring Capital Partners IV Lp, 10% Owner, sold 5,000,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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