Sysco (NYSE: SYY) EVP logs share vesting and tax withholding event
Rhea-AI Filing Summary
SYSCO CORP EVP and CHRO Ronald L. Phillips reported the vesting of 6,435.433 shares of common stock on 2026-07-31, received from performance share units granted under the 2018 Omnibus Incentive Plan based on fiscal 2024–2026 performance metrics. 2,534 shares were withheld at $84.71 per share to satisfy tax withholding obligations.
Positive
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 3,901.433 shares
Net Buy
2 txns
Insider
Phillips Ronald L
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 6,435.433 | $84.71 | $545K |
| Tax Withholding | Common Stock F2 | 2,534 | $84.71 | $215K |
Holdings After Transaction:
Common Stock — 39,969.664 shares (Direct)
Footnotes (2)
- F1. Shares received upon the vesting of performance share units granted by the Compensation and Leadership Development Committee of the Company's Board of Directors (the "Committee") pursuant to the 2018 Omnibus Incentive Plan. These performance share units were granted by the Committee in August 2023. The number of shares of common stock received upon the vesting of these performance share units was determined based upon the Company's performance with regard to pre-established financial performance metrics for the performance period from fiscal 2024 to fiscal 2026.
- F2. These shares were withheld upon the vesting of performance share units to pay tax withholding obligations.
Key Figures
Shares acquired on vesting: 6435.4330 shares
Shares withheld for taxes: 2534.0000 shares
Per-share valuation: $84.7100 per share
3 metrics
Shares acquired on vesting
6435.4330 shares
Common stock received from performance share units on 2026-07-31
Shares withheld for taxes
2534.0000 shares
Common stock withheld on 2026-07-31 to pay tax withholding obligations
Per-share valuation
$84.7100 per share
Applied to both vested and withheld shares in the reported transactions
Key Terms
performance share units, 2018 Omnibus Incentive Plan, pre-established financial performance metrics, tax withholding obligations
4 terms
2018 Omnibus Incentive Plan financial
"granted by the Committee pursuant to the 2018 Omnibus Incentive Plan."
pre-established financial performance metrics financial
"determined based upon the Company's performance with regard to pre-established financial performance metrics..."
tax withholding obligations financial
"These shares were withheld upon the vesting of performance share units to pay tax withholding obligations."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who is the insider in the SYSCO CORP (SYY) Form 4 and what is their role?
The Form 4 reports transactions by Ronald L. Phillips, who serves as SYSCO CORP’s EVP and CHRO. He reported vesting of performance share units into common stock and a related share withholding to cover tax obligations.
At what price were the Sysco (SYY) Form 4 transactions valued?
Both the vested and withheld SYSCO CORP shares were valued at $84.71 per share. This per-share value applies to the 6,435.433 shares that vested and the 2,534 shares withheld to cover the insider’s tax obligations on the vesting.