Form 4: Sysco SVP and CAO Jennifer L. Johnson Reports Stock Transaction

Sysco's Senior Vice President and Chief Accounting Officer, Jennifer L. Johnson, disposed of 718 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Jennifer L. Johnson, a Senior Vice President and Chief Accounting Officer at Sysco, reported a transaction involving the company's common stock.
• On November 11, 2024, 718 shares were disposed of at a price of $77.39 per share.
• This disposal was not a sale but rather a withholding of shares to cover tax obligations arising from the vesting of restricted stock units.
• Following this transaction, Ms. Johnson directly owns 11,996 shares of Sysco common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider transaction. It does not indicate any positive or negative sentiment about the company's performance or outlook.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider activity.
• The withholding of shares for tax obligations is a common practice when restricted stock units vest, and this transaction is not unusual compared to other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

Sysco, stock transaction, Form 4, Jennifer L. Johnson, insider trading, restricted stock units, tax withholding, SVP, CAO