SYY Form 4: SVP Gregory Keller RSU Tax Withholding of 62 Shares
Rhea-AI Filing Summary
Gregory Scott Keller, Senior Vice President of Sysco Corp (SYY), reported a transaction dated 09/11/2025 in which 62 shares of Sysco common stock were disposed of at an average price of $80.19 per share. Following the transaction, Mr. Keller beneficially owns 20,484.693 shares. The filing explains these shares were withheld upon the vesting of restricted stock units to satisfy tax withholding obligations, and the form was signed by an attorney-in-fact on 09/12/2025. The report indicates routine insider tax-related share withholding rather than an open-market sale or new voluntary disposition.
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Insights
TL;DR: Routine withholding of shares for taxes upon RSU vesting; minimal direct cash-flow impact on the company.
The filing documents a tax-withholding disposition of 62 shares at $80.19 by an SVP following RSU vesting, leaving 20,484.693 shares beneficially owned. This is an administrative action to satisfy withholding obligations, not a discretionary market sale signaling a change in insider conviction. The notional value of the withheld shares (~$5, *computed from provided price and quantity*) is small relative to Sysco's market capitalization and is unlikely to affect liquidity or valuation metrics. Monitor for any subsequent open-market transactions if assessing insider sentiment.
TL;DR: Disclosure complies with Section 16 reporting; form shows standard withholding on vested RSUs and timely filing via attorney-in-fact.
The Form 4 indicates proper reporting of a withholding disposition tied to RSU vesting and lists the reporting persons role as SVP. The explanation explicitly states shares were withheld to meet tax obligations, which is a common practice and aligns with internal compensation administration. The signature by an attorney-in-fact on 09/12/2025 suggests formal execution and timeliness. This is a routine governance event with no disclosed governance concerns or unusual related-party arrangements in the document provided.