Sysco SVP reports option holdings in Form 3
SYSCO CORP senior vice president Stephen Dale Higgs filed an initial ownership report showing existing equity holdings.
Rhea-AI Filing Summary
SYSCO CORP senior vice president Stephen Dale Higgs filed an initial ownership report showing existing equity holdings. The Form 3 lists several stock option awards, including rights to buy 9,320 shares of common stock at $75.08 per share expiring on August 22, 2028, and other grants with exercise prices ranging from $58.08 to $85.57 and expirations extending through August 20, 2035. He also reports direct ownership of 7,934.805 shares of Sysco common stock. Footnotes explain that each option grant vests in three equal annual installments before its stated expiration date.
Positive
- None.
Negative
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Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Higgs Stephen Dale
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to buy) — 80,714 contracts (Direct);
Common Stock — 7,934.805 shares (Direct)
Footnotes (9)
- F1. One-third of the shares covered by the grant vest and are exercisable on 08/23/2019, 08/23/2020 and 08/23/2021, respectively. Options will expire on 08/22/2028.
- F2. One-third of the shares covered by the grant vest and are exercisable on 08/21/2020, 08/21/2021 and 08/21/2022, respectively. Options will expire on 08/20/2029.
- F3. One-third of the shares covered by the grant vest and are exercisable on 08/20/2021, 08/20/2022 and 08/20/2023, respectively. Options will expire on 08/19/2030.
- F4. One-third of the shares covered by the grant vest and are exercisable on 08/19/2022, 08/19/2023 and 08/19/2024, respectively. Options will expire on 08/18/2031.
- F5. One-third of the shares covered by the grant vest and are exercisable on 08/18/2023, 08/18/2024 and 08/18/2025, respectively. Options will expire on 08/17/2032.
- F6. One-third of the shares covered by the grant vest and are exercisable on 8/10/2024, 8/10/2025 and 8/10/2026, respectively. Options will expire on 8/9/2033.
- F7. One-third of the shares covered by the grant vest and are exercisable on 9/11/2024, 9/11/2025 and 9/11/2026, respectively. Options will expire on 9/10/2033.
- F8. One-third of the shares covered by the grant vest and are exercisable on 8/21/2025, 8/21/2026 and 8/21/2027, respectively. Options will expire on 8/20/2034.
- F9. Stock options granted on 8/21/2025 and become/became exercisable with respect to 33.3% of the total number of originally issued options on each of the first three anniversaries of the grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Sysco (SYY) Form 3 filed by Stephen Dale Higgs show?
The Form 3 shows Stephen Dale Higgs’ existing equity stake in Sysco. It lists multiple stock option grants and 7,934.805 directly held common shares, establishing his baseline ownership as a senior vice president at the time of becoming a reporting person.
How many Sysco stock options does Stephen Dale Higgs report on his Form 3?
He reports several stock option positions, including grants over 9,320, 12,126 and 13,531 underlying shares. Each option series carries its own exercise price and expiration date, with expirations running from August 22, 2028 through August 20, 2035, according to the filing.
What common stock holdings does Stephen Dale Higgs report in Sysco (SYY)?
The Form 3 states that Stephen Dale Higgs directly owns 7,934.805 shares of Sysco common stock. This figure represents his reported direct share position separate from stock options, giving investors a view of his current equity exposure in actual shares.
Do the Sysco (SYY) Form 3 entries indicate recent buying or selling activity?
No transaction codes show open-market buys or sells; entries are classified as holdings. The report primarily catalogs existing stock options and common shares, rather than new market transactions, so it functions as a baseline ownership disclosure rather than a trading signal.
How do Stephen Dale Higgs’ Sysco stock options vest according to the Form 3 footnotes?
Footnotes explain that each option grant vests in three equal annual installments. Typically, one-third of the covered shares become exercisable on each of the first three anniversaries of the grant date, with each award then remaining exercisable until its stated expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
