Form 4: Sysco EVP Greg D. Bertrand Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP Greg D. Bertrand of Sysco Corp. reports disposing of 1,371 shares of common stock to cover tax withholding obligations upon vesting of restricted stock units.
Summary
- On August 12, 2024, Greg D. Bertrand, an Executive Vice President at Sysco Corp, disposed of 1,371 shares of Sysco's common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The price per share was $75.63.
- Following the transaction, Bertrand directly owns 70,761.382 shares of Sysco common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It's a standard procedure and doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related disposal of shares upon vesting of restricted stock units, which is a common practice.
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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