Form 4: Sysco EVP Sells Shares for Tax Obligations

Sysco's EVP and CTO, Thomas R. Peck Jr., disposed of 694 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Thomas R. Peck Jr., Sysco's Executive Vice President and Chief Technology Officer, reported a change in beneficial ownership.
• On August 11, 2025, 694 shares of Sysco common stock were disposed of at a price of $80.65 per share.
• This disposition was specifically for tax withholding obligations upon the vesting of restricted stock units.
• Following this transaction, Thomas R. Peck Jr. beneficially owns 57,494.882 shares of Sysco common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax obligations upon RSU vesting), which has a neutral impact on company sentiment.

Positives

• Vesting of restricted stock units indicates a compensation event for the executive, aligning their interests with shareholders.

Negatives

• A disposition of shares by an executive, even for tax purposes, reduces their direct ownership stake.

Risks

• No specific risks are detailed in this filing, as it primarily reports a routine insider transaction.

Future Outlook

This filing, a Form 4, does not provide information regarding the company's future outlook or guidance.

Industry Context

This filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: The transaction represents a minor, non-discretionary reduction in an executive's direct shareholding, which is a common occurrence related to executive compensation and tax obligations.

Key Dates

Recommendation

The filing details a routine, non-discretionary sale of shares by an executive to cover tax withholding obligations upon the vesting of restricted stock units. This type of transaction is common and does not typically signal a change in the company's fundamentals or the executive's confidence, thus not warranting a change from a 'hold' recommendation.

Keywords

Sysco, SYY, insider transaction, Form 4, stock sale, executive compensation, restricted stock units, tax withholding