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SYY Insider Filing: Kevin Hourican RSU Withholding Reduces Stake by 3,405 Shares

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Kevin Hourican, Chair and CEO of Sysco Corporation (SYY), reported a transaction dated 09/02/2025 in which 3,405 shares of Sysco common stock were disposed of at a price of $80.47 per share. The filing states these shares were withheld upon the vesting of restricted stock units to satisfy tax withholding obligations. After the reported disposition, Mr. Hourican beneficially owned 465,095.053 shares (direct). The Form 4 was signed by an attorney-in-fact on 09/04/2025. The report identifies Mr. Hourican as both a director and an officer (Chair and CEO).

Positive

  • Reporting identifies officer and director status, clarifying governance role as Chair and CEO
  • Substantial retained ownership of 465,095.053 shares remains after withholding

Negative

  • Disposition of 3,405 shares (withheld) reduced the reporting person's direct share count
  • Transaction involved withheld shares, reflecting tax-related reduction rather than open-market sale

Insights

TL;DR: Routine RSU tax-withholding disposition; ownership remains substantial and the change is immaterial to overall stake.

The filing documents a common administrative disposition where 3,405 shares were withheld at $80.47 to cover taxes upon RSU vesting. Such withholding transactions do not indicate active market selling by the insider and leave a reported direct holding of 465,095.053 shares. From a capital-structure perspective, there is no indication of dilution or new sales beyond tax withholding in this report.

TL;DR: Disclosure aligns with Section 16 reporting; identifies officer/director status and tax-related share disposition.

The Form 4 lists Mr. Hourican as both a director and the Chair and CEO and records a disposition tied to restricted stock unit vesting. The report includes an explanatory remark that shares were withheld for tax obligations and is signed by an attorney-in-fact on 09/04/2025. This is a standard governance disclosure showing compliance with filing requirements.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hourican Kevin

(Last) (First) (Middle)
1390 ENCLAVE PARKWAY

(Street)
HOUSTON TX 77077

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SYSCO CORP [ SYY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chair and CEO
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/02/2025 F 3,405(1) D $80.47 465,095.053 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
Remarks:
/s/Boyd Chapin, Attorney-in-Fact 09/04/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Kevin Hourican report on Form 4 for SYY?

The report records a disposition of 3,405 shares executed on 09/02/2025 at a price of $80.47 per share.

Why were the 3,405 SYY shares disposed of in the Form 4?

The filing states the shares were withheld upon vesting of restricted stock units to satisfy tax withholding obligations.

How many SYY shares does Kevin Hourican beneficially own after the transaction?

After the reported transaction, Mr. Hourican beneficially owned 465,095.053 shares (direct).

What roles does the reporting person hold at Sysco (SYY)?

The Form 4 identifies Kevin Hourican as both a director and an officer, specifically the Chair and CEO.

When was the Form 4 signed and by whom?

The form bears a signature block by Boyd Chapin, Attorney-in-Fact dated 09/04/2025.
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