Form 4: Sysco SVP Victoria Gutierrez Reports Stock Transactions
SEC Form 4 Filing
Victoria Gutierrez, SVP of Sysco, reports the acquisition and disposal of company stock and stock options.
Summary
- Victoria Gutierrez, a Senior Vice President at Sysco Corp, filed a Form 4 detailing changes in beneficial ownership.
- On September 11, 2024, 171 shares of common stock were disposed of to cover tax withholding obligations at a price of $78.5 per share.
- Following the transaction, Gutierrez beneficially owns 9,400.912 shares of common stock.
- On August 21, 2024, Gutierrez acquired 713 stock options with an exercise price of $76.54.
- These options vest in three equal installments on August 21, 2025, August 21, 2026, and August 21, 2027, and expire on August 20, 2034.
- After the transaction, Gutierrez beneficially owns 10,203 stock options.
- There was a downward adjustment of 271 shares previously reported on August 23, 2024, and September 5, 2024.
- There was also a downward adjustment of 713 options previously reported on August 23, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a senior vice president at Sysco, a major player in the food distribution industry.
Comparison to Industry Standards
- Comparing Sysco's executive compensation and stock ownership with competitors like US Foods Holding Corp and Performance Food Group Company would provide a broader context.
- Reviewing similar Form 4 filings from executives at these companies can offer insights into industry trends in executive compensation and stock ownership.
Stakeholder Impact
- The transactions reported in this filing may be of interest to Sysco shareholders as they provide insight into the actions of company leadership.
- The disposal of shares to cover tax obligations is a common practice and generally does not have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of stock options grant. |
| 08/21/2025 | First vesting date for one-third of the stock options. |
| 08/21/2026 | Second vesting date for one-third of the stock options. |
| 08/21/2027 | Third vesting date for one-third of the stock options. |
| 08/20/2034 | Expiration date of the stock options. |
| 09/11/2024 | Date of common stock disposal for tax withholding. |
| 09/13/2024 | Date of Form 4 filing. |
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