SYY Insider Filing: CFO Cheung Withheld 1,262 Shares for Taxes at $80.65
Rhea-AI Filing Summary
Cheung Kenny K, EVP and CFO of Sysco Corporation (SYY), reported a withholding of common stock tied to restricted stock unit vesting. The Form 4 records a transaction dated 08/11/2025 in which 1,262 shares were withheld to satisfy tax withholding obligations at an indicated price of $80.65 per share. After the withholding, the reporting person is shown as directly beneficially owning 33,389.257 shares. Table II shows no derivative securities reported. This filing documents a routine equity-compensation settlement rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU tax-withholding; limited investor impact.
The Form 4 discloses a standard tax-withholding event on vesting of restricted stock units: 1,262 shares withheld at an indicated price of $80.65, leaving 33,389.257 shares beneficially owned directly. There are no derivative transactions reported. This is an administrative equity-compensation settlement and does not reflect a voluntary sale or purchase that would signal a change in trading intent.
TL;DR: Insider retained direct ownership after RSU withholding; governance impact neutral.
The reporting officer remains a direct holder of 33,389.257 shares following the withholding of 1,262 shares to cover taxes. The disclosure is specific about the withholding being for tax obligations and shows no material change to derivative exposure. From a governance perspective this is routine and presents no immediate concern or material change to share ownership structure based on the data provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,262 | $80.65 | $102K |
Footnotes (1)
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