Form 4: SYSCO EVP Sells Shares for Tax Obligations

SYSCO's EVP and CTO, Thomas R. Peck Jr., disposed of 250 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Thomas R. Peck Jr., Executive Vice President and Chief Technology Officer of SYSCO CORP, reported a transaction involving company common stock.
• On September 11, 2025, 250 shares of SYSCO common stock were disposed of at a price of $80.19 per share.
• The disposition was coded 'F', indicating that the shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
• Following this transaction, Thomas R. Peck Jr. beneficially owns 66,279.882 shares of SYSCO common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction for tax purposes, which is neutral in terms of company performance or executive sentiment.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This type of transaction, involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units, is a standard and routine practice for executive compensation across various industries. It does not reflect a discretionary sale based on market outlook or company performance.

Comparison to Industry Standards

• The practice of withholding shares for tax purposes upon the vesting of restricted stock units is a common and accepted method of managing executive compensation and tax liabilities, consistent with practices observed at peer companies such as US Foods Holding Corp. (USFD) and Performance Food Group Company (PFGC).

Stakeholder Impact

• Shareholders: Minimal to no direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or executive confidence.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax withholding obligations upon the vesting of restricted stock units. It does not indicate any change in the company's fundamentals or the executive's confidence, thus it has no material impact on investment recommendation.

Keywords

SYSCO, SYY, Form 4, Insider Transaction, Executive Compensation, Stock Sale, Tax Withholding, Restricted Stock Units