Form 4: Sysco EVP and CTO Thomas R. Peck Jr. Reports Stock Transaction
SEC Form 4 Filing
Thomas R. Peck Jr., EVP and CTO of Sysco Corp, reports the disposal of 437 shares of common stock to cover tax withholding obligations on vested restricted stock units on March 1, 2024.
Summary
- On March 1, 2024, Thomas R. Peck Jr., the EVP and CTO of Sysco Corp, disposed of 437 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $80.97.
- Following the transaction, Peck directly owns 36,575.359 shares of Sysco common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It doesn't indicate any strategic shift or concern about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like executives and directors, trade their company's stock. This filing indicates a routine transaction to cover tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction: 437 shares disposed of to cover tax obligations. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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