Sysco (SYY) SVP Brenna Garrett gains stock from PSU vesting, shares withheld for taxes
Rhea-AI Filing Summary
Sysco Corp executive Brenna C. Garrett, SVP and CCO, received 1,460.788 shares of common stock on 2026-07-31 upon vesting of performance share units granted in August 2023 under the 2018 Omnibus Incentive Plan. The vesting was based on pre-established financial performance metrics for the performance period from fiscal 2024 to fiscal 2026.
On the same date, 357 shares were withheld at a reference value of $84.71 per share to cover tax withholding obligations related to the vesting. The remaining vested shares represent a compensation-related equity award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,103.788 shares
Net Buy
2 txns
Insider
Garrett Brenna C
Role
SVP, CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,460.788 | $84.71 | $124K |
| Tax Withholding | Common Stock F2 | 357 | $84.71 | $30K |
Holdings After Transaction:
Common Stock — 8,637.135 shares (Direct)
Footnotes (2)
- F1. Shares received upon the vesting of performance share units granted by the Compensation and Leadership Development Committee of the Company's Board of Directors (the "Committee") pursuant to the 2018 Omnibus Incentive Plan. These performance share units were granted by the Committee in August 2023. The number of shares of common stock received upon the vesting of these performance share units was determined based upon the Company's performance with regard to pre-established financial performance metrics for the performance period from fiscal 2024 to fiscal 2026.
- F2. These shares were withheld upon the vesting of performance share units to pay tax withholding obligations.
Key Figures
Shares acquired via PSU vesting: 1,460.788 shares of Common Stock
Shares withheld for taxes: 357 shares of Common Stock
Reference share value: $84.71 per share
+1 more
4 metrics
Shares acquired via PSU vesting
1,460.788 shares of Common Stock
Vesting of performance share units on 2026-07-31
Shares withheld for taxes
357 shares of Common Stock
Withheld upon vesting to pay tax withholding obligations
Reference share value
$84.71 per share
Applied to both the award acquisition and tax-withholding disposition
Performance period
Fiscal 2024 to fiscal 2026
Period used to determine number of shares from performance share units
Key Terms
performance share units, 2018 Omnibus Incentive Plan, pre-established financial performance metrics, tax withholding obligations
4 terms
2018 Omnibus Incentive Plan financial
"granted by the Committee in August 2023 pursuant to the 2018 Omnibus Incentive Plan"
pre-established financial performance metrics financial
"determined based upon the Company's performance with regard to pre-established financial performance metrics"
tax withholding obligations financial
"These shares were withheld upon the vesting of performance share units to pay tax withholding obligations"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Sysco (SYY) executive Brenna C. Garrett receive in this Form 4 filing?
Brenna C. Garrett received 1,460.788 shares of Sysco common stock from vesting performance share units granted in August 2023 under the 2018 Omnibus Incentive Plan, based on financial performance metrics for fiscal 2024 to fiscal 2026.
Was Brenna C. Garrett’s Sysco (SYY) Form 4 filed under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, and the transactions reflect equity award vesting and tax withholding, rather than discretionary open-market trades under a pre-arranged trading plan.
What was the reference price for Brenna C. Garrett’s Sysco (SYY) Form 4 transactions?
Both the award acquisition and the tax-withholding disposition for Brenna C. Garrett used a reference value of $84.71 per share, applied to the 1,460.788 vested shares and the 357 shares withheld for taxes.