SYY Chair/CEO Kevin Hourican had 6,309 RSUs withheld to pay taxes at $80.65
Rhea-AI Filing Summary
Sysco Corporation (SYY) reported an insider withholding event for its Chair and CEO, Kevin Hourican. On 08/11/2025 restricted stock units vested and 6,309 shares were withheld to satisfy tax withholding obligations (transaction code F) at a price of $80.65 per share. The filing explicitly states the withholding was to cover taxes.
After the transaction Mr. Hourican's reported direct beneficial ownership of common stock is 426,861.053 shares. The Form 4 was filed by one reporting person and the filing is signed by an attorney-in-fact on 08/12/2025. No other purchases, sales, or derivative transactions are reported in this Form 4.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU tax-withholding by CEO; transaction reduces reported shares but shows no cash sale or discretionary trade.
The Form 4 discloses that 6,309 shares were withheld upon RSU vesting on 08/11/2025 to satisfy tax obligations at $80.65 per share. This is recorded under transaction code F, which denotes a withholding to cover taxes rather than an open-market sale. The filing reports 426,861.053 shares held directly after withholding. From a trading interpretation, this is a routine internal settlement step and not an active disposition that signals a change in investment stance.
TL;DR: Filing reflects standard compensation tax withholding; disclosure appears timely and compliant with Section 16 reporting.
The report lists Kevin Hourican as both Chair and CEO and a director, and the Form 4 was filed by one reporting person with a signature by an attorney-in-fact on 08/12/2025. The explanatory remark explicitly states the withheld shares were used to pay tax withholding upon RSU vesting. There are no indications of additional transactions or arrangements in this filing, and the use of transaction code F is consistent with standard tax-related withholding practices for equity compensation.