Form 4: Sysco EVP and CHRO Ronald L. Phillips Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Ronald L. Phillips, EVP and CHRO of Sysco Corp, disposed of 590 shares of common stock on August 12, 2024, to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On August 12, 2024, Ronald L. Phillips, the EVP and CHRO of Sysco Corp, disposed of 590 shares of Sysco's common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- The price per share was $75.63.
- Following the transaction, Phillips directly owns 22,536.629 shares of Sysco common stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of stock disposal transaction |
| 08/13/2024 | Date of signature on the Form 4 filing |
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