Form 4: Sysco EVP and CFO Kenny K. Cheung Reports Stock Transaction
SEC Form 4 Filing
Kenny K. Cheung, EVP and CFO of Sysco Corp, reports the disposal of 834 common stock shares to cover tax withholding obligations.
Summary
- On August 12, 2024, Kenny K. Cheung, the EVP and CFO of Sysco Corp, reported a transaction involving the company's common stock.
- A total of 834 shares were disposed of at a price of $75.63 per share.
- This disposal was to cover tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Cheung directly owns 15,461 shares of Sysco Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's holdings or outlook.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This transaction is related to tax obligations and does not necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of stock transaction (disposal of shares). |
| 08/13/2024 | Date of signature by Attorney-in-fact. |
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