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 278 shares of common stock on August 12, 2024, to cover tax withholding obligations upon vesting of restricted stock units.
Summary
- On August 12, 2024, Daniel Purefoy, SVP and Chief Supply Chain Officer at Sysco Corp, disposed of 278 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 $75.63 per share.
- Following the transaction, Purefoy directly owns 21,306 shares of Sysco Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
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 reason for stock disposals by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of stock disposal transaction. |
| 08/13/2024 | Date of signature for the report. |
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.