Insider Tax Withholding: 1,507 Sysco Shares Withheld on RSU Vesting
Rhea-AI Filing Summary
Bertrand Greg D, identified as an EVP of Sysco Corporation (SYY), reported the withholding of 1,507 shares upon the vesting of restricted stock units to satisfy tax withholding obligations. The Form 4 records the transaction under transaction code F and lists a price of $80.65 per share.
This filing describes a routine compensation-related withholding rather than an open-market purchase or sale. The disclosure documents the tax-withholding method used when RSUs vested and provides transparency about an executive's equity compensation event.
Positive
- Transparency: The filing clearly discloses the withholding of 1,507 shares to satisfy tax obligations on vested RSUs.
- Compliance: Reporting by an EVP on a Form 4 demonstrates adherence to Section 16 disclosure requirements.
Negative
- None.
Insights
TL;DR: Routine RSU tax-withholding by an executive; limited market impact.
The filing shows an internal compensation settlement: 1,507 shares were withheld upon RSU vesting to meet tax obligations, recorded with transaction code F and a listed price of $80.65 per share. This is a non-market transaction that typically has minimal impact on share supply or price. It does, however, confirm the timing and magnitude of equity compensation realized by a senior executive and supports transparency around insider holdings.
TL;DR: Compliance-focused disclosure of executive compensation settlement; governance practice is standard.
The report names Bertrand Greg D (EVP) and documents withholding of 1,507 shares for tax purposes upon RSU vesting. Such Form 4 reporting aligns with disclosure rules and provides shareholders a record of executive equity transactions. There are no indications of unusual selling or related-party transfers in this filing; it appears to be a routine tax-withholding mechanism tied to compensation.