Form 4: Sysco EVP Greg D. Bertrand Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
EVP Greg D. Bertrand of Sysco Corp. reports disposing of 1,736 shares of common stock to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On September 3, 2024, Greg D. Bertrand, an Executive Vice President at Sysco Corp, disposed of 1,736 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $77.97 per share.
- Following the transaction, Bertrand directly owns 82,672.382 shares of Sysco Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, which is a normal part of executive compensation. There is no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock disposal transaction. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.