Sysco officer has 47 shares withheld for tax
Sysco’s SVP and CCO reported a small share withholding transaction tied to RSU vesting and tax obligations, not an open-market trade.
Rhea-AI Filing Summary
SYSCO CORP (SYY) reported that officer Brenna C. Garrett, SVP and Chief Commercial Officer, had 47 shares of common stock withheld on September 11, 2026 to satisfy tax withholding obligations upon the vesting of restricted stock units. The shares were valued at $82.31 per share, leaving Garrett with 18,415.135 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 47 shares
Tax Withholding
1 txn
Insider
Garrett Brenna C
Role
SVP, CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 47 | $82.31 | $4K |
Holdings After Transaction:
Common Stock — 18,415.135 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: 47 shares
Share value for withholding: $82.31 per share
Direct holdings after transaction: 18,415.135 shares
3 metrics
Shares withheld for taxes
47 shares
Common stock withheld September 11, 2026 to cover tax withholding obligations
Share value for withholding
$82.31 per share
Value applied to the 47 withheld shares on September 11, 2026
Direct holdings after transaction
18,415.135 shares
SYSCO common stock directly owned by Brenna C. Garrett following the withholding
Key Terms
restricted stock units, tax withholding obligations, Rule 10b5-1
3 terms
restricted stock units financial
"These shares were withheld upon the vesting of restricted stock units"
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 obligations"
Rule 10b5-1 regulatory
"The filing’s Rule 10b5-1 checkbox is unchecked"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SYSCO CORP (SYY) report for Brenna C. Garrett?
SYSCO CORP reported that SVP and CCO Brenna C. Garrett had 47 common shares withheld on September 11, 2026 in connection with the vesting of restricted stock units, to cover tax withholding obligations, rather than through an open-market trade.
Was Brenna Garrett’s SYSCO (SYY) transaction an open-market sale or a tax withholding event?
It was a tax withholding event. The Form 4 states the 47 shares were withheld upon vesting of restricted stock units to pay tax withholding obligations, not sold in the open market.
Was Brenna Garrett’s SYSCO (SYY) Form 4 transaction made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is unchecked, indicating the reported tax-withholding disposition was not affirmatively reported as made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.