Form 4: Sysco Corp Executive Keller Gregory Scott Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
SVP Keller Gregory Scott of Sysco Corp reports disposing of 630 shares of common stock to cover tax withholding obligations upon vesting of restricted stock units.
Summary
- On September 3, 2024, Keller Gregory Scott, an SVP at Sysco Corp, disposed of 630 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, Keller Gregory Scott beneficially owns 15,332.366 shares of Sysco Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine disposal of shares for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock disposal transaction |
| 09/05/2024 | Date of signature on the report |
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