Sachem Head Capital Management LP filed a Form 144 notice on November 3, 2026, disclosing a proposed sale of 1,500,000 shares of Performance Food Group Co common stock through broker Jones Trading Institutional Services, LLC on the New York Stock Exchange.

Key Highlights

  • Proposed sale size: 1,500,000 shares of Performance Food Group Co common stock, with an aggregate market value of $151,260,000.00 based on the closing price on November 2, 2026.
  • Seller identity: Sachem Head Capital Management LP, acting as investment manager of certain funds, is identified as an affiliate of a former director of the issuer.
  • Former director connection: Scott Ferguson, managing partner of Sachem Head Capital Management LP, is identified as a former director of Performance Food Group Co.
  • Shares outstanding: The filing states 157,533,032 shares outstanding as of August 5, 2026.
  • Acquisition history: 1,152,534 shares were acquired via open market purchase on November 6, 2024, paid in cash; 347,466 shares were acquired on September 16, 2025 through physical settlement of total return swaps with a third-party financial institution, also paid in cash.
  • No sales in past 3 months: The filing reports nothing to report under securities sold during the past 3 months.
  • Approximate sale date: November 3, 2026, through Jones Trading Institutional Services, LLC, located in Thousand Oaks, California.

Sachem Head Capital Management Proposes Large Block Sale of Performance Food Group Stock

According to the Form 144 filing dated November 3, 2026, Sachem Head Capital Management LP (SHCM) notified the SEC of a proposed sale of 1,500,000 shares of Performance Food Group Co (NYSE:PFGC) common stock. The filing states that SHCM is the investment manager of certain funds that are selling the shares, and that Scott Ferguson, managing partner of SHCM, is a former director of Performance Food Group Co. The aggregate market value of the proposed sale is listed as $151,260,000.00, calculated using the closing sale price of the common stock on November 2, 2026.

The filing discloses two separate acquisition tranches underlying the proposed sale. A total of 1,152,534 shares were acquired through open market purchases, with the filing noting that shares purchased in open market transactions were acquired and paid for between November 6, 2024 and August 19, 2025. An additional 347,466 shares were acquired on September 16, 2025, through the physical settlement of total return swaps with a third-party financial institution, also paid in cash. The filing reports no securities of the issuer sold by the relevant person during the past three months.

The number of shares outstanding referenced in the filing is 157,533,032, as of August 5, 2026. The proposed sale is to be executed through Jones Trading Institutional Services, LLC, located at 555 St. Charles Drive, Ste. 200, Thousand Oaks, California 91360. The filing was signed by Michael Adamski, identified as General Counsel, on behalf of Sachem Head Capital Management LP.

What Was Disclosed

Sachem Head Capital Management LP filed a Form 144 notice proposing the sale of 1,500,000 Performance Food Group Co common shares with an aggregate market value of $151,260,000.00, acquired through open market purchases and total return swap settlements between November 2024 and September 2025.