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Sysco Corp (NYSE: SYY) EVP Keller gets PSU shares, withholds stock for taxes

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SYSCO CORP EVP Gregory Scott Keller reported equity compensation activity involving performance share units. On July 31, 2026, he received 3,771.788 shares of common stock upon vesting of performance share units granted under the 2018 Omnibus Incentive Plan, originally awarded in August 2023. The number of vested shares was based on Sysco’s financial performance over the period from fiscal 2024 to fiscal 2026. On the same date, 1,485.000 shares were withheld at a reference value of $84.7100 per share to satisfy tax withholding obligations rather than being sold in the market. The filing indicates these transactions were not made pursuant to a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider Keller Gregory Scott
Role EVP
Type Security Shares Price Value
Grant/Award Common Stock F1 3,771.788 $84.71 $320K
Tax Withholding Common Stock F2 1,485 $84.71 $126K
Holdings After Transaction: Common Stock — 23,103.809 shares (Direct)
Footnotes (2)
  1. 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.
  2. F2. These shares were withheld upon the vesting of performance share units to pay tax withholding obligations.
Shares vested 3,771.7880 shares Common stock received upon vesting of performance share units on 2026-07-31
Shares withheld for taxes 1,485.0000 shares Common stock withheld upon vesting to pay tax withholding obligations on 2026-07-31
Reference share value $84.7100 per share Value used in both the vesting and tax-withholding entries
Incentive plan year 2018 Year of the Omnibus Incentive Plan under which performance share units were granted
Grant timing August 2023 Month when the performance share units were granted by the Committee
Performance period fiscal 2024 to fiscal 2026 Period over which Sysco’s financial metrics determined the PSU vesting outcome
performance share units financial
"Shares received upon the vesting of performance share units granted by the Committee"
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
2018 Omnibus Incentive Plan financial
"granted by the Committee pursuant to the 2018 Omnibus Incentive Plan"
tax withholding obligations financial
"These shares were withheld upon the vesting of performance share units to pay tax withholding obligations"

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FAQ

What did Sysco (SYY) EVP Gregory Scott Keller report in this Form 4?

Sysco EVP Gregory Scott Keller reported the vesting of performance share units, receiving 3,771.788 shares of common stock and having 1,485.000 shares withheld to cover tax obligations. The awards relate to Sysco’s financial performance over fiscal 2024–2026.

How many Sysco (SYY) shares vested for EVP Keller, and at what value?

Keller received 3,771.788 shares of Sysco common stock upon vesting, with a reference value of $84.7100 per share. These shares resulted from performance share units granted under Sysco’s 2018 Omnibus Incentive Plan and tied to multi‑year financial performance metrics.

How many Sysco (SYY) shares were withheld for taxes in Keller’s transaction?

A total of 1,485.000 shares of Sysco common stock were withheld to pay tax withholding obligations when Keller’s performance share units vested. This withholding is a non‑market disposition and reflects tax settlement rather than an open‑market sale.

What performance period governed Keller’s Sysco (SYY) performance share units?

The vested performance share units were tied to Sysco’s performance over fiscal 2024 to fiscal 2026. The number of shares delivered, 3,771.788, was determined by the company’s achievement of pre‑established financial performance metrics for that three‑year period.

Under which plan were Keller’s Sysco (SYY) performance share units granted?

The performance share units were granted under Sysco’s 2018 Omnibus Incentive Plan. They were originally awarded by the Compensation and Leadership Development Committee in August 2023 and later vested based on Sysco’s multi‑year financial performance outcomes.

Were Keller’s Sysco (SYY) transactions made under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as using such a plan, indicating these transactions were not executed pursuant to a pre‑arranged Rule 10b5‑1 trading plan, but rather reported as standard equity compensation events.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Keller Gregory Scott

(Last)(First)(Middle)
1390 ENCLAVE PARKWAY

(Street)
HOUSTON TEXAS 77077

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SYSCO CORP [ SYY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/31/2026A3,771.788(1)A$84.7124,588.809D
Common Stock07/31/2026F1,485(2)D$84.7123,103.809D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. These shares were withheld upon the vesting of performance share units to pay tax withholding obligations.
Remarks:
/s/Boyd Chapin, Attorney-in-Fact08/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)