Form 4: Sysco Corp Executive Neil Russell Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Neil Russell, SVP at Sysco Corp, reports exercising stock options and selling the acquired shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 6, 2024, Neil Russell, SVP of Corporate Affairs and CAO at Sysco Corp, exercised stock options to acquire 1,722 shares of common stock at a price of $58.08 per share.
- Simultaneously, Russell sold 1,722 shares of Sysco common stock at $80 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Russell directly owns 24,081.691 shares of Sysco common stock and holds options for 3,407 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the insider planned these transactions in advance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of stock option exercise and sale of shares. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
| 08/19/2030 | Expiration date of the stock options. |
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