Form 4: Sysco EVP and CTO Thomas R. Peck Jr. Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Thomas R. Peck Jr., EVP and CTO of Sysco Corp, reported disposing of 1,054 shares of common stock on August 12, 2024, to cover tax withholding obligations.
Summary
- On August 12, 2024, Thomas R. Peck Jr., the EVP and CTO of Sysco Corp, disposed of 1,054 shares of Sysco common stock.
- The transaction was executed to cover tax withholding obligations arising from the vesting of restricted stock units.
- The shares were disposed of at a price of $75.63 per share.
- Following the transaction, Peck directly owns 43,598.897 shares of Sysco common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders engage in transactions involving their company's stock. This filing indicates a routine transaction to cover tax obligations.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine transaction.
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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