SYSCO CORP (SYY) SVP has 310 shares withheld to cover RSU tax
Rhea-AI Filing Summary
SYSCO CORP senior vice president Stephen Dale Higgs reported a Form 4 transaction involving company common stock. On 2026-08-10, 310 shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units, at a reference price of $84.29 per share. Following this tax-withholding disposition, Higgs directly holds 9,752.18 shares of SYSCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 310 shares
Net Sell
1 txn
Insider
Higgs Stephen Dale
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 310 | $84.29 | $26K |
Holdings After Transaction:
Common Stock — 9,752.18 shares (Direct)
Footnotes (1)
- F1. These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
Key Figures
Shares withheld for taxes: 310 shares
Reference price per share: $84.29 per share
Shares held after transaction: 9,752.18 shares
3 metrics
Shares withheld for taxes
310 shares
Common stock withheld on 2026-08-10 for tax withholding obligations (code F)
Reference price per share
$84.29 per share
Price used for the 310-share tax-withholding disposition
Shares held after transaction
9,752.18 shares
Direct SYSCO common stock holdings after the tax-withholding transaction
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations."
Form 4 regulatory
"Stephen Dale Higgs reported a Form 4 transaction involving company common stock."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SYSCO CORP (SYY) executive Stephen Dale Higgs report?
Stephen Dale Higgs reported a Form 4 transaction where 310 SYSCO CORP common shares were withheld on 2026-08-10 to cover tax withholding obligations related to vesting restricted stock units.
Does the SYSCO CORP (SYY) Form 4 indicate an open-market sale by Stephen Higgs?
The Form 4 does not report an open-market sale. It shows shares withheld (code F) to pay tax withholding obligations upon the vesting of restricted stock units, rather than a discretionary market trade.
What are Stephen Higgs’ SYSCO CORP (SYY) holdings after this reported transaction?
After the reported tax-withholding disposition, Stephen Dale Higgs directly holds 9,752.18 shares of SYSCO CORP common stock, according to the post-transaction holdings figure in the Form 4 filing.
Was the SYSCO CORP (SYY) Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), and the footnote describes the transaction as shares withheld for tax withholding obligations upon restricted stock unit vesting, not a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.