SYY insider sale notice — 6,286 shares via Fidelity on NYSE
Rhea-AI Filing Summary
Sysco Corporation (SYY) Form 144 notice reports an insider plans to sell 6,286 shares of common stock, with an aggregate market value of $509,166, targeted for 08/13/2025 through Fidelity Brokerage on the NYSE. The filing shows 484,751,681 shares outstanding and states the securities were acquired on 08/13/2025 following an option grant dated 08/10/2023; payment is indicated as cash.
The filing also discloses a prior sale by Ron Phillips of 37,606 shares on 07/23/2025 for gross proceeds of $3,046,086. The notice includes the standard Rule 144 representation about absence of undisclosed material adverse information.
Positive
- Insider sale is formally disclosed under Rule 144, providing transparency to investors
Negative
- None.
Insights
TL;DR: Routine insider sale tied to option exercise; disclosed sizes suggest immaterial market effect.
The Form 144 shows an insider intends to sell 6,286 common shares via Fidelity on 08/13/2025, acquired upon exercise of an option granted 08/10/2023. The filing provides transaction dates, consideration as cash, and an aggregate market value of $509,166. It also records a separate sale by Ron Phillips of 37,606 shares on 07/23/2025 for $3,046,086. These disclosures are procedural under Rule 144 and permit investors to register insider liquidity events without additional operational detail.
TL;DR: Disclosure meets Rule 144 transparency requirements; no governance red flags evident from the notice alone.
The filing identifies the broker (Fidelity Brokerage Services LLC) and supplies acquisition and sale dates, origin of the shares (issuer via option grant), and the seller's attestation about material nonpublic information. From a governance perspective, the document fulfils required public notice of a proposed sale. The form contains no statements of undisclosed adverse information and no indications of unusual trading arrangements in the text provided.