Form 4: Sysco Corp Executive Sells Shares to Cover Taxes

Sysco Corp's EVP, Chief Legal Officer, Jennifer Kaplan, reported a transaction involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units.

Summary

• Jennifer Kaplan, EVP and Chief Legal Officer of Sysco Corp, engaged in a transaction on April 1, 2026.
• This transaction involved the withholding of 542 shares of common stock to cover tax withholding obligations upon the vesting of restricted stock units.
• The shares were withheld at a price of $71.33 per share.
• Following this transaction, Jennifer Kaplan beneficially owns 14,316 shares of Sysco Corp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine tax-related transaction by an executive rather than a strategic decision impacting the company's fundamental value.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, such as the one reported by Sysco Corp's executive, and are crucial for transparency in the food service distribution industry.

Stakeholder Impact

• Shareholders: Increased transparency regarding executive compensation and tax management practices.

Key Dates

Keywords

Sysco Corp, SYY, Form 4, Insider Transaction, Stock Withholding, Tax Obligations, Restricted Stock Units, Beneficial Ownership