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