Form 4: Sysco SVP Gregory Scott Keller Reports Stock Transactions
SEC Form 4 Filing
Sysco SVP Gregory Scott Keller reports acquisition of shares through vesting of performance share units and subsequent disposal to cover tax obligations.
Summary
- Gregory Scott Keller, a Senior Vice President at Sysco Corp, reported transactions involving Sysco common stock on August 1, 2024.
- Keller acquired 4,714.46 shares of common stock upon the vesting of performance share units granted in August 2021 under the 2018 Omnibus Incentive Plan.
- The vesting was based on Sysco's financial performance from fiscal year 2022 to 2024.
- He then disposed of 1,856 shares to cover tax withholding obligations at a price of $76.44 per share.
- Following these transactions, Keller directly owns 12,188.366 shares of Sysco common stock.
- A correction was made to account for an overstatement of 485.264 shares in previous filings from September 13, 2023.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document primarily reports stock transactions by an executive, which is a routine activity. The vesting of performance share units suggests positive performance, but the subsequent sale for tax obligations offsets this.
Positives
- The vesting of performance share units indicates that Sysco met certain pre-established financial performance metrics from fiscal year 2022 to 2024.
Negatives
- The disposal of shares to cover tax obligations reduces Keller's overall holdings in Sysco.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't offer specific insights into Sysco's competitive positioning or broader industry trends.
Key Dates
| Date | Description |
|---|---|
| 2021-08 | Performance share units were granted by the Compensation and Leadership Development Committee. |
| 2023-09-13 | Date of previous filings (Form 3 and Form 4) that contained an overstated balance of shares. |
| 2024-08-01 | Date of stock acquisition and disposal transactions. |
| 2024-08-02 | Date of signature on the Form 4 filing. |
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.