Form 4: Sysco Corp Executive Neil Russell Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Neil Russell, SVP at Sysco Corp, reports disposing of 822 shares of common stock to cover tax withholding obligations.
Summary
- On June 3, 2024, Neil Russell, SVP, Corp. Affairs and CAO of Sysco Corp, disposed of 822 shares of common stock.
- The transaction was executed to cover tax withholding obligations upon the vesting of restricted stock units.
- The shares were disposed of at a price of $72.82 per share.
- Following the transaction, Russell directly owns 23,168.082 shares of Sysco Corp common stock.
Sentiment
Score: 5
Explanation: The filing represents a routine transaction related to tax obligations, and does not indicate any positive or negative sentiment regarding the company's performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Form 4 filings are required by the SEC to ensure transparency in insider trading and provide investors with information about the buying and selling activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock disposal transaction. |
| 06/04/2024 | 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.