SYY Form 4: Ronald Phillips Executes Options, Disposes 6,286 Shares

Rhea-AI Filing Summary

Sysco Corp (SYY) insider transactions: Ronald L. Phillips, Executive Vice President and CHRO, executed and sold shares under a Rule 10b5-1 plan on 08/13/2025. He exercised 6,286 stock options with an exercise price of $73.53 and immediately sold 6,286 shares at $81.00 per share. After the transactions, Mr. Phillips beneficially owned 34,404.397 shares and held 6,285 stock options exercisable through 08/09/2033. The options were granted under the company’s 2018 Omnibus Incentive Plan and are fully exercisable.

Positive

• Transactions were executed under a Rule 10b5-1 plan, indicating they were preplanned and intended to comply with insider trading rules
• Options are fully exercisable, and the filing specifies exercisability and expiration (08/09/2033)
• Clear disclosure of counts and prices: 6,286 options exercised at $73.53 and 6,286 shares sold at $81.00

Negative

• Insider sold 6,286 shares, reducing beneficial ownership to 34,404.397 shares
• Realized spread on exercise was $7.47 per share (exercise $73.53 vs sale $81.00), representing insider liquidity

Insights

Financial Analyst

TL;DR: Insider exercised options and sold the exercised shares under a pre-established 10b5-1 plan, leaving substantial residual ownership.

The filing reports a routine, pre-planned exercise-and-sale by an executive. The exercise price was $73.53 with sale proceeds at $81.00 for 6,286 shares, indicating a realized per-share spread of $7.47 before taxes and fees. Post-transaction beneficial ownership remained material at 34,404.397 shares, plus 6,285 options outstanding. These facts are neutral-to-informational for valuation; they document liquidity taken by the insider and do not, by themselves, indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: Transactions were processed under a Rule 10b5-1 trading plan and signed by an attorney-in-fact, reflecting compliance with insider trading procedures.

The Form 4 explicitly states the trades were effected pursuant to a Rule 10b5-1 plan and the report is signed by an attorney-in-fact, which supports procedural compliance and pre-authorization. Options were granted by the Compensation and Leadership Development Committee under the 2018 Omnibus Incentive Plan and are fully exercisable. The filing discloses key dates and counts, meeting disclosure standards for Section 16 reporting.

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).

X

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^*

Phillips Ronald L

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and CHRO

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		M(1)		6,286	A	$73.53	40,690.397	D
Common Stock	08/13/2025		S(1)		6,286	D	$81	34,404.397	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
Stock Options (Right to buy)	$73.53	08/13/2025		M(1)			6,286	(2)	08/09/2033	Common Stock	6,286	$0(3)	6,285	D

Explanation of Responses:

1. The exercises and sales were effected pursuant to a Rule 10b5-1 trading plan.

2. Options are fully exercisable.

3. Options granted by the Compensation and Leadership Development Committee of the Company's Board of Directors pursuant to the 2018 Omnibus Incentive Plan.

Remarks:

	/s/Boyd Chapin, Attorney-in-Fact	08/15/2025
	** 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 did Sysco insider Ronald L. Phillips do on 08/13/2025 (SYY)?

He exercised 6,286 stock options at $73.53 and sold 6,286 common shares at $81.00 under a Rule 10b5-1 plan.

How many Sysco (SYY) shares does Ronald L. Phillips beneficially own after the reported transaction?

After the transactions he beneficially owned 34,404.397 shares.

Are the exercised options for Sysco granted under a formal plan and exercisable?

Yes. The options were granted under the company’s 2018 Omnibus Incentive Plan and are reported as fully exercisable.

Was the trade by the Sysco executive part of a pre-planned program?

Yes. The Form 4 states the exercises and sales were effected pursuant to a Rule 10b5-1 trading plan.

How many stock options remain beneficially owned by Ronald L. Phillips after the transaction?

The filing reports he beneficially owned 6,285 stock options following the transaction.