Form 4: Sysco CEO Kevin Hourican Reports Stock Transaction
SEC Form 4 Filing
Sysco CEO Kevin Hourican reports the disposal of 6,309 shares of common stock to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On August 12, 2024, Kevin Hourican, Chair and CEO of Sysco Corp, disposed of 6,309 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $75.63 per share.
- Following the transaction, Hourican directly owns 366,577.295 shares of Sysco common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of stock transaction (disposal of shares). |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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