Form 4: Sysco SVP Victoria L. Gutierrez Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Victoria L. Gutierrez, SVP of Sysco Corp, reports disposing of 47 shares of common stock on October 1, 2024, to cover tax withholding obligations upon vesting of restricted stock units.
Summary
- On October 1, 2024, Victoria L. Gutierrez, a Senior Vice President at Sysco Corp, disposed of 47 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $78.06 per share.
- Following the transaction, Gutierrez directly owns 9,353.912 shares of Sysco Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding the transactions of those with access to inside information.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of stock disposal transaction |
| 10/02/2024 | Date of signature on the report |
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