Form 4: Sysco Corp: SVP Stephen Higgs Reports Stock Transactions
Insider Transaction Report
Sysco Corp SVP Stephen Dale Higgs reported transactions involving the acquisition and withholding of common stock related to vested restricted stock units.
Summary
- Stephen Dale Higgs, SVP of Sysco Corp, reported transactions on May 1, 2026.
- He acquired 220 shares of common stock upon the vesting of restricted stock units (RSUs) granted in April 2023, at a price of $74.71 per share.
- Following this acquisition, Higgs beneficially owns 8,154.805 shares of common stock directly.
- Additionally, 87 shares were withheld to cover tax obligations upon the vesting of RSUs, resulting in 8,067.805 shares beneficially owned directly after this transaction.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine executive stock transactions related to compensation rather than a significant strategic event or performance indicator.
Positives
- Vesting of restricted stock units indicates continued equity-based compensation and potential alignment of management interests with shareholders.
- Acquisition of shares at a specific price ($74.71) provides a data point for valuation.
Negatives
- Withholding of 87 shares for tax obligations represents a reduction in the net shares acquired by the reporting person.
Future Outlook
No specific forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and potential insider sentiment regarding the company's stock.
Stakeholder Impact
- Shareholders: Provides transparency into executive compensation and insider holdings.
- Employees: Indirectly reflects the company's compensation structure and the value of equity awards.
Key Dates
| Date | Description |
|---|---|
| 04/2023 | Grant date of Restricted Stock Units (RSUs). |
| 05/01/2026 | Transaction date for acquisition and withholding of common stock. |
| 05/05/2026 | Date of signature for the filing. |
Keywords
SEC Form 4, Sysco Corp, SYY, Stephen Dale Higgs, Restricted Stock Units, RSUs, Stock Vesting, Beneficial Ownership, Insider Transactions, Executive Compensation
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