Form 4: Sysco Executive Daniel Purefoy Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Daniel Purefoy, SVP and Chief Supply Chain Officer of Sysco Corp, reported disposing of 130 shares of common stock on September 3, 2024, to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On September 3, 2024, Daniel Purefoy, a Senior Vice President and Chief Supply Chain Officer at Sysco Corp, disposed of 130 shares of Sysco's 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, Purefoy directly owns 25,050 shares of Sysco common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock disposal transaction. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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