Form 4: Sysco EVP Bertrand Reports Tax Withholding Transaction
Insider Transaction Report
Sysco's Executive Vice President, Greg D. Bertrand, reported the disposition of 247 common shares for tax withholding purposes related to restricted stock unit vesting.
Summary
- Greg D. Bertrand, Executive Vice President of Sysco Corp, reported a transaction involving the company's common stock.
- On September 11, 2025, 247 shares of common stock were disposed of.
- The disposition was for the purpose of paying tax withholding obligations upon the vesting of restricted stock units.
- The shares were valued at $80.19 per share for this transaction.
- Following this transaction, Bertrand beneficially owns 69,853.43 shares of Sysco common stock directly.
Sentiment
Score: 5
Explanation: The transaction is a neutral event, representing a routine tax withholding related to executive compensation. It does not indicate a change in company performance or executive sentiment beyond the mechanics of equity vesting.
Positives
- The transaction indicates the vesting of restricted stock units, which is a positive event for the executive, reflecting earned compensation.
Negatives
- A reduction in direct share ownership by an executive, albeit for tax purposes, slightly decreases their direct stake in the company.
Industry Context
This is a routine insider transaction related to executive compensation and tax obligations, common across all industries for publicly traded companies with equity compensation plans. It does not reflect broader industry trends or competitive positioning.
Related Party Transactions
- The transaction involves an executive (Greg D. Bertrand) and the company (Sysco Corp), which is a related party transaction in the context of executive compensation and share ownership.
Stakeholder Impact
- Shareholders: Minimal direct impact as it's a routine tax-related transaction, not a discretionary sale or purchase. It confirms executive compensation vesting.
- Employees: No direct impact beyond the executive involved.
- Customers/Suppliers/Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 09/11/2025 | Date of transaction where shares were disposed for tax withholding. |
| 09/12/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Sysco Corp, SYY, Insider Transaction, Form 4, Executive Compensation, Restricted Stock Units, Tax Withholding, Greg D. Bertrand
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