Sysco (SYY) EVP Thomas Peck Withholds 393 Shares for Taxes at $80.47
Sysco Corp (SYY) officer Thomas R. Peck Jr. reported a routine tax-withholding disposition related to the vesting of restricted stock units.
Rhea-AI Filing Summary
Sysco Corp (SYY) officer Thomas R. Peck Jr. reported a routine tax-withholding disposition related to the vesting of restricted stock units. The Form 4 shows a transaction on 09/02/2025 coded F, with 393 shares withheld to satisfy tax withholding at a reported price of $80.47 per share. Following the withholding, the filing reports beneficial ownership of 66,529.882 shares. The form was signed by an attorney-in-fact on 09/04/2025. The filing notes the reporting person’s role as EVP and CTO.
Positive
- Continued substantial ownership: Reporting person retains 66,529.882 shares after the transaction
- Routine tax withholding on RSU vesting indicates standard compensation administration rather than a market-driven sale
Negative
- Disposition of 393 shares was recorded, reducing immediate share count
- Transaction executed at $80.47 per share, representing realized value for the withheld shares
Insights
TL;DR: A routine RSU vesting tax-withholding sale; no evidence of voluntary market sale or change in ownership plan.
The Form 4 documents a withholding of 393 common shares upon RSU vesting, recorded under transaction code F, at a price of $80.47. The reporting person remains a substantial holder with 66,529.882 shares reported post-transaction. This disclosure is consistent with standard employee tax-withholding practice and does not indicate an active liquidity event or change in control.
TL;DR: Routine insider reporting of tax-withheld RSUs; governance controls functioning as expected.
The filing identifies Thomas R. Peck Jr. as an EVP and CTO and discloses withholding of 393 vested RSU shares to cover tax obligations, leaving 66,529.882 shares beneficially owned. The signature by an attorney-in-fact indicates administrative handling of Form 4 filings. This is a standard disclosure under Section 16 and does not by itself raise governance concerns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 393 | $80.47 | $32K |
Footnotes (1)
- F1. These shares were withheld upon the vesting of restricted stock units to pay tax withholding obligations.
FAQ
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What transaction did Thomas R. Peck Jr. report on Form 4 for SYY?
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When was the Form 4 signed and who signed it?
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