Sysco (NYSE: SYY) SVP uses 970 shares to cover taxes
Rhea-AI Filing Summary
SYSCO CORP (SYY) reported an insider transaction by Senior Vice President Stephen Dale Higgs. On 2026-08-21, 970 shares of Common Stock were withheld at $83.06 per share to cover tax withholding obligations upon the vesting of restricted stock units. After this withholding, Higgs directly held 8,782.18 shares of SYSCO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 970 shares
Net Sell
1 txn
Insider
Higgs Stephen Dale
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 970 | $83.06 | $81K |
Holdings After Transaction:
Common Stock — 8,782.18 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 tax: 970 shares
Price per share: $83.06 per share
Shares held after transaction: 8,782.18 shares
3 metrics
Shares withheld for tax
970 shares
Common Stock withheld on 2026-08-21 to pay tax withholding obligations
Price per share
$83.06 per share
Valuation used for the 970 shares withheld for tax on 2026-08-21
Shares held after transaction
8,782.18 shares
Direct ownership of SYSCO CORP common stock by Stephen Dale Higgs after withholding
Key Terms
restricted stock units, tax withholding obligations, Payment of tax liability by delivering or withholding securities
3 terms
restricted stock units financial
"These shares were withheld upon the vesting of restricted stock units to pay"
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
"shares were withheld upon the vesting of restricted stock units to pay tax"
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description": "Payment of tax liability by delivering or withholding"
FAQ
What insider transaction did SYY report for Stephen Dale Higgs?
SYSCO CORP reported that SVP Stephen Dale Higgs had 970 shares of common stock withheld on 2026-08-21 to satisfy tax withholding obligations related to vesting restricted stock units, at a price of $83.06 per share.
Was the recent SYY Form 4 a market sale or tax withholding?
The Form 4 for SYY reports a tax-withholding disposition. Code F indicates payment of tax liability by delivering or withholding securities, and the footnote explains the 970 shares were withheld upon RSU vesting to cover tax obligations.
Does the SYY Form 4 indicate trading under a Rule 10b5-1 plan?
No. The Form 4 data indicate the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnote describes the event only as shares withheld for tax withholding obligations upon RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.