Sysco (NYSE: SYY) CEO keeps 468K shares after tax withholding
Rhea-AI Filing Summary
SYSCO CORP (SYY) reported an insider transaction by Chair and CEO Kevin Hourican. On August 21, 2026, 12,796 shares of common stock were withheld at $83.06 per share to satisfy tax withholding obligations upon the vesting of restricted stock units, rather than being sold in the open market. After this tax-withholding event, Hourican held 468,342.393 shares of Sysco common stock directly.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 12,796 shares
Net Sell
1 txn
Insider
Hourican Kevin
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 12,796 | $83.06 | $1.06M |
Holdings After Transaction:
Common Stock — 468,342.393 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: 12,796 shares
Price per share: $83.06 per share
Shares held after transaction: 468,342.393 shares
+2 more
5 metrics
Shares withheld for taxes
12,796 shares
Shares of SYSCO CORP common stock withheld on August 21, 2026
Price per share
$83.06 per share
Reported for the 12,796 shares withheld for tax obligations
Shares held after transaction
468,342.393 shares
Direct ownership of Kevin Hourican after the withholding event
Transaction count
1 transaction
One non-derivative tax-withholding disposition reported on this Form 4
Code F shares
12,796 shares
Shares used for payment of tax liability by delivering or withholding securities
Key Terms
restricted stock units, tax withholding obligations, Payment of tax liability by delivering or withholding securities
3 terms
restricted stock units financial
"withheld upon the vesting of restricted stock units to pay tax"
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
"withheld upon the vesting of restricted stock units to pay tax withholding"
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of tax liability by delivering or withholding"
FAQ
What insider transaction did SYSCO CORP (SYY) report for Kevin Hourican?
SYSCO CORP reported that Chair and CEO Kevin Hourican had 12,796 shares of common stock withheld on August 21, 2026, at $83.06 per share to pay tax withholding obligations related to the vesting of restricted stock units.
Was the SYY insider transaction executed under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a 10b5-1 trading plan for this tax-withholding transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.