Sachem Head Files Form 144 Notice to Sell $151.3M in Performance Food Group ($PFGC)

Executive Summary

On November 3, 2026, Sachem Head Capital Management LP filed a Form 144 notice disclosing an intent to sell 1,500,000 shares of Performance Food Group Co ($PFGC) common stock, valued at approximately $151.26 million based on the November 2, 2026 closing price of $100.84.

Filing & Transaction Details

• Issuer: Performance Food Group Co (CIK: 0001618673, NYSE: PFGC)
• Filer: Sachem Head Capital Management LP (CIK: 0001582090)
• Relationship: Affiliate of Former Director (Managing Partner Scott Ferguson previously served on PFGC's board)
• Broker: Jones Trading Institutional Services, LLC
• Units to Sell: 1,500,000 shares
• Shares Outstanding: 157,533,032 (as of August 5, 2026)
• Percent of Float/Outstanding: ~0.95%
• Approximate Sale Date: November 3, 2026

Acquisition Background

The 1,500,000 shares proposed for sale were acquired through two tranches:

1. 1,152,534 shares acquired via open-market purchases between November 6, 2024, and August 19, 2025 (paid in cash).
2. 347,466 shares acquired on September 16, 2025, via physical settlement of total return swaps with a third-party financial institution (paid in cash).

Market & Trading Significance

This proposed transaction is categorized as High Significance due to:

• Monetary Size: Exceeding $150 million in aggregate market value.
• Volume Impact: Representing nearly 1% of the company's entire shares outstanding, executed through institutional broker Jones Trading.
• Sponsor Context: Sachem Head, an activist investment firm, is reducing exposure following the conclusion of partner Scott Ferguson's directorship.