Form 4: Sysco Corp Executive Neil Russell Reports Stock Transaction
SEC Form 4 Filing
Neil Russell, SVP, Corp. Affairs and CAO of Sysco Corp, reports the disposal of 395 common stock shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 3, 2024, Neil Russell, a Senior Vice President at Sysco Corp, disposed of 395 shares of common stock.
- The transaction was executed at a price of $77.97 per share.
- These shares were withheld to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Russell directly owns 28,810.018 shares of Sysco Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any significant positive or negative implications for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates a routine transaction related to tax obligations on vested equity.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock transaction (disposal of shares). |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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