Form 4: Sysco EVP and CTO Thomas R. Peck Jr. Reports Stock Disposal for Tax Obligations
SEC Filing
Thomas R. Peck Jr., EVP and CTO of Sysco Corp, disposed of 250 shares of common stock on September 11, 2024, to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On September 11, 2024, Thomas R. Peck Jr., the EVP and CTO of Sysco Corp, disposed of 250 shares of Sysco's common stock.
- The transaction was executed at a price of $78.5 per share.
- The disposal was conducted to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Peck directly owns 52,617.897 shares of Sysco common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This is a routine Form 4 filing, reflecting a common practice where executives sell shares to cover tax obligations arising from the vesting of stock awards. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of stock disposal transaction |
| 09/13/2024 | Date of signature on the report |
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