SYY Form 4: Greg Bertrand Withholds 247 Shares at $80.19 for Taxes
Rhea-AI Filing Summary
SYSCO CORP (SYY) reporting person Greg D. Bertrand, an Executive Vice President, recorded a disposition of common stock on 09/11/2025. The Form 4 shows 247 shares were disposed (transaction code F) at a price of $80.19 each. After the reported transaction, Mr. Bertrand beneficially owned 69,853.43 shares (direct ownership). The filing explains these shares were withheld upon the vesting of restricted stock units to satisfy tax withholding obligations. The Form 4 is signed on behalf of the reporting person by an attorney-in-fact, Boyd Chapin, dated 09/12/2025.
Positive
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Negative
- None.
Insights
TL;DR: Insider withheld 247 shares from vested RSUs to cover taxes; small disposition, appears administrative and routine.
The Form 4 documents a routine disposition under transaction code F tied to tax withholding on restricted stock unit vesting. The number of shares (247) and the post-transaction beneficial ownership (69,853.43 shares) indicate this was an administrative action rather than an open-market sale. The reported price of $80.19 likely reflects the per-share value used for withholding. For investors, this filing signals ordinary equity compensation mechanics and does not by itself imply a change in insider conviction.
TL;DR: Filing reflects standard compliance and tax-related withholding on vested RSUs; signature by attorney-in-fact is acceptable practice.
The disclosure notes the shares were withheld to satisfy tax obligations upon vesting of restricted stock units, a common practice among public companies. The Form 4 was executed via an attorney-in-fact, which is permissible when properly authorized. There is no indication of unusual timing or large-scale divestiture based on the disclosed amounts and the stated purpose.