Form 4: Sysco CEO Kevin Hourican Reports Stock Transaction
SEC Form 4 Filing
Sysco CEO Kevin Hourican reports the disposal of 6,811 common stock shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 3, 2024, Kevin Hourican, Chair and CEO of Sysco Corp, disposed of 6,811 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $77.97.
- Following the transaction, Hourican directly owns 409,186.295 shares of Sysco common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock transaction |
| 09/05/2024 | Date of signature on the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.