Sysco Corp (NYSE: SYY) EVP Keller gets PSU shares, withholds stock for taxes
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 Trade Summary
Net Buyer: 2,286.788 shares
Net Buy
2 txns
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)
- 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 vested: 3,771.7880 shares
Shares withheld for taxes: 1,485.0000 shares
Reference share value: $84.7100 per share
+3 more
6 metrics
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
Key Terms
performance share units, 2018 Omnibus Incentive Plan, tax withholding obligations
3 terms
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.