Form 4: Sysco EVP and CFO Kenny K. Cheung Reports Stock Transaction

Kenny K. Cheung, EVP and CFO of Sysco Corp, reports the disposition of 533 shares of common stock to cover tax withholding obligations.

Summary

• On June 3, 2024, Kenny K. Cheung, the EVP and CFO of Sysco Corp, reported a transaction involving the company's common stock.
• A total of 533 shares were disposed of at a price of $72.82 per share.
• This disposition was related to the vesting of restricted stock units and was used to cover tax withholding obligations.
• Following the transaction, Cheung directly owns 16,295 shares of Sysco common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are withheld to cover tax obligations upon vesting of restricted stock units.

Comparison to Industry Standards

• Form 4 filings are standard practice across publicly traded companies, including competitors like US Foods Holding Corp and Performance Food Group Company.
• The number of shares sold to cover tax obligations is typical for executives receiving stock-based compensation.

Key Dates