Form 4: Sysco Corp Executive Neil Russell Reports Stock Transactions
SEC Form 4 Filing
Neil Russell, SVP, Corp. Affairs and CAO of Sysco Corp, reports acquisition and disposal of common stock related to vesting of performance share units.
Summary
- On August 1, 2024, Neil Russell, SVP, Corp. Affairs and CAO of Sysco Corp, acquired 3,333.133 shares of common stock at $76.44 per share due to the vesting of performance share units.
- Russell also disposed of 1,245 shares at $76.44 per share to cover tax withholding obligations.
- Following these transactions, Russell directly owns 25,277.017 shares of Sysco Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects standard executive compensation practices and stock transactions.
Positives
- The vesting of performance share units indicates that Sysco met pre-established financial performance metrics for the period from fiscal 2022 to fiscal 2024.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of performance share units aligns executive compensation with company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| August 2021 | Performance share units were granted by the Compensation and Leadership Development Committee. |
| 08/01/2024 | Acquisition of 3,333.133 shares of common stock due to vesting of performance share units and disposal of 1,245 shares for tax obligations. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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