Sysco Corp (NYSE: SYY) SVP gets stock award; shares withheld for taxes
Rhea-AI Filing Summary
Sysco Corp senior vice president Stephen Dale Higgs reported equity compensation activity. On July 31, 2026 he received 3,290.375 shares of common stock upon vesting of performance share units granted in August 2023 under the 2018 Omnibus Incentive Plan, based on fiscal 2024–2026 financial metrics. On the same date, 1,296 shares were withheld at $84.71 per share to satisfy tax withholding obligations related to this vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,994.375 shares
Net Buy
2 txns
Insider
Higgs Stephen Dale
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 3,290.375 | $84.71 | $279K |
| Tax Withholding | Common Stock F2 | 1,296 | $84.71 | $110K |
Holdings After Transaction:
Common Stock — 10,062.18 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 granted: 3,290.375 shares
Shares withheld for taxes: 1,296 shares
Reference share value: $84.71 per share
+2 more
5 metrics
Shares granted
3,290.375 shares
Common stock received July 31, 2026 upon vesting of performance share units
Shares withheld for taxes
1,296 shares
Withheld upon vesting of performance share units to pay tax withholding obligations
Reference share value
$84.71 per share
Value used for both the vested shares and tax withholding shares
Performance period
Fiscal 2024 to fiscal 2026
Period over which financial metrics determined performance share unit vesting
Grant timing
August 2023
Month when the performance share units were granted by the Committee
Key Terms
performance share units, 2018 Omnibus Incentive Plan, tax withholding obligations
3 terms
2018 Omnibus Incentive Plan financial
"pursuant to the 2018 Omnibus Incentive Plan. These performance share units were"
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 insider equity transaction did Sysco (SYY) report for Stephen Dale Higgs?
Sysco (SYY) reported that SVP Stephen Dale Higgs received 3,290.375 shares of common stock on July 31, 2026 from vesting performance share units. The award came under Sysco’s 2018 Omnibus Incentive Plan and reflects performance over the fiscal 2024–2026 measurement period.
Were the Sysco (SYY) insider transactions reported as part of a Rule 10b5-1 plan?
No. The Form 4 indicates the transactions were not made under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is explicitly unchecked, so the award and tax withholding are not described as pre-arranged trading plan sales.
Does the Sysco (SYY) Form 4 show market purchases or sales by Stephen Dale Higgs?
The Form 4 shows no open-market buys or sells. It reports an acquired stock award from vesting performance share units and a related tax-withholding disposition of 1,296 shares, rather than discretionary trading in Sysco common stock.