Insider Sales at Performance Food Group (PFGC) are Significant and Extend the Selling Trend of Last Quarter

Friday, November 24, 2017 10:15 PM ET

Insider Sales at Performance Food Group (PFGC) are Significant and Extend the Selling Trend of Last Quarter

Two insiders — William F Dawson Jr, Director, and Wellspring Capital Partners IV Lp, 10% Owner — disposed of 10,000,000 shares of Performance Food Group having a market value of approximately $280,320,000, today, as disclosed in form 4 documents filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 10,004,450 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 20,004,450 shares and have averaged 4,000,890 shares per transaction over this time period.

The number of insider buy/sell trades at Performance Food Group is higher than that of the 20 peer company average over the last 90-day period. The Food Retail & Distribution peer group saw 26 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Performance Food Group insiders is lower than its peers. Within the peer group there were 1,831,222 shares purchased and 110,862,667 shares sold with company insiders disposing of 4,193,517 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.

Today’s Insider Activity
* William F Dawson Jr, 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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