Form 4: Sysco CFO Kenny Cheung Reports Significant Stock Acquisition from Performance Unit Vesting

Sysco Corporation's Executive Vice President and Chief Financial Officer, Kenny K Cheung, reported the acquisition of over 9,800 shares of common stock through the vesting of performance share units, alongside a disposition of shares for tax obligations.

Summary

• Kenny K Cheung, Sysco's EVP and CFO, acquired 9,807.257 shares of common stock on July 31, 2025, at a price of $80.11 per share.
• These shares were received upon the vesting of performance share units granted in August 2022 under the 2018 Omnibus Incentive Plan.
• The number of shares received was determined by Sysco's performance against pre-established financial metrics for the fiscal period from 2023 to 2025.
• Concurrently, 2,389 shares were disposed of on July 31, 2025, at $80.11 per share to cover tax withholding obligations related to the vesting.
• Following these transactions, Kenny K Cheung beneficially owns 34,651.257 shares of Sysco common stock.

Sentiment

Score: 7

Explanation: The sentiment is positive because the vesting of performance share units implies the company met its financial targets, and the executive's net increase in shares aligns their interests with shareholders.

Positives

• The vesting of performance share units indicates that Sysco met or exceeded its pre-established financial performance metrics for the fiscal 2023-2025 period, reflecting strong company performance.
• The net increase in shares beneficially owned by a key executive like the CFO aligns management's interests with shareholders, signaling confidence in the company's future.

Future Outlook

The filing indicates that Sysco's performance for the fiscal 2023-2025 period met the pre-established financial metrics, leading to the vesting of performance share units. This suggests a positive outlook based on past performance targets being achieved.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual executive's compensation and stock ownership changes within Sysco.

Stakeholder Impact

• Shareholders: The vesting of performance-based awards suggests the company achieved its financial goals, which is generally positive for shareholder value. The increased insider ownership also signals confidence.
• Employees: While not directly impacted, the successful achievement of performance metrics could indirectly boost morale and confidence in the company's direction.

Key Dates

Keywords

Sysco, SYY, Kenny K Cheung, CFO, Insider Trading, Stock Vesting, Performance Share Units, Executive Compensation, SEC Form 4, Beneficial Ownership