Form 4: Sysco Corp Executive Eve M. McFadden Reports Stock Transaction
SEC Form 4 Filing
Eve M. McFadden, SVP, GC & Corp Sec of Sysco Corp, reports the disposal of 490 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 3, 2024, Eve M. McFadden, a Senior Vice President, General Counsel, and Corporate Secretary at Sysco Corp, disposed of 490 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $77.97 per share.
- Following the transaction, McFadden directly owns 48,451.158 shares of Sysco Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activity of executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the stock transaction (disposal of shares). |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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.