Sysco EVP Phillips sells 1,017 shares in plan
Sysco’s EVP and CHRO reported option exercises and net sales of 1,017 SYY shares under Rule 10b5-1 trading plans.
Rhea-AI Filing Summary
SYSCO CORP (SYY) executive Ronald L. Phillips, EVP and CHRO, reported option-related transactions and sales of common stock. On September 11, 2026 he exercised options for 960 shares at an exercise price of $69.95 per share, then sold 960 shares at $83.00 per share and had 149 shares withheld to satisfy tax obligations upon vesting of restricted stock units. On September 14, 2026 he also sold 57 shares at $84.32 per share. The filing states these exercises and sales were effected pursuant to Rule 10b5-1 trading plans, and one option covering one share remains exercisable until September 10, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 57 | $84.32 | $5K |
| Exercise | Stock Options (Right to buy) F1, F5, F4 | 960 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 960 | $69.95 | $67K |
| Sale | Common Stock F1 | 960 | $83.00 | $80K |
| Tax Withholding | Common Stock F2 | 149 | $82.31 | $12K |
Footnotes (5)
- F1. The exercises and sales were effected pursuant to a Rule 10b5-1 trading plan.
- F2. These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
- F3. The sale was effected pursuant to a Rule 10b5-1 trading plan.
- F4. One-third of the shares covered by the grant vest and are exercisable on 9/11/2024, 9/11/2025 and 9/11/2026, respectively. No options may be exercised prior to 9/11/2024. Options will expire on 9/10/2033.
- F5. Options granted by the Compensation and Leadership Development Committee of the Company's Board of Directors pursuant to the 2018 Omnibus Incentive Plan.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
restricted stock units financial
Omnibus Incentive Plan financial
tax withholding obligations financial
FAQ
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What did SYSCO CORP (SYY) executive Ronald L. Phillips report in this Form 4?
What stock options did Ronald L. Phillips exercise in SYSCO (SYY)?
Were Ronald L. Phillips’ SYSCO (SYY) transactions under a Rule 10b5-1 plan?
What is Ronald L. Phillips’ role at SYSCO CORP (SYY) mentioned in the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.