Sysco Corporation filings document formal disclosures for a NYSE-listed foodservice distribution company with common stock trading under SYY. Recent Form 8-K reports cover operating results and financial condition, material definitive agreements, capital-structure matters, and governance changes involving senior finance and digital leadership roles.
The filing record also documents debt financing through senior notes issued under supplemental indentures and a shelf registration statement, along with related exhibits and security registration details. These disclosures connect Sysco’s public-company reporting to its food-away-from-home distribution business, capital markets activity, executive-compensation arrangements and board oversight matters.
SYSCO CORP senior vice president Stephen Dale Higgs reported a Form 4 transaction involving company common stock. On 2026-08-10, 310 shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units, at a reference price of $84.29 per share. Following this tax-withholding disposition, Higgs directly holds 9,752.18 shares of SYSCO common stock.
SYSCO CORP Chair and CEO Kevin Hourican reported a Form 4 transaction involving company common stock. On 2026-08-10, 6,309 shares were withheld at $84.29 per share to satisfy tax withholding obligations upon the vesting of restricted stock units. Following this tax-withholding disposition, Hourican’s directly held stake totaled 481,138.393 shares of SYSCO common stock.
SYSCO CORP executive Gregory Scott Keller, an EVP, reported a Form 4 transaction involving 495 shares of Common Stock on 2026-08-10. The shares, valued at $84.29 per share, were withheld to satisfy tax withholding obligations upon vesting of restricted stock units, leaving him with 22,608.809 directly held shares.
SYSCO CORP interim CFO Brandon Elliot Sewell reported a routine tax-related share disposition. On 2026-08-10, 79 shares of Common Stock were withheld at $84.29 per share upon the vesting of restricted stock units to cover tax withholding obligations, leaving 4,757.425 shares held directly.
SYSCO CORP executive Ronald L. Phillips, EVP and CHRO, reported multiple equity transactions under a Rule 10b5-1 trading plan. On 2026-08-10, he exercised 6,285 stock options at an exercise price of $73.53 per share into common stock and sold 6,285 shares at $83.94 per share. Also on that date, 953 shares of common stock were withheld to satisfy tax liabilities upon vesting of restricted stock units. On 2026-08-11, he sold an additional 367 shares of common stock at $83.39 per share, also pursuant to a Rule 10b5-1 plan. The options exercised were granted under the company’s 2018 Omnibus Incentive Plan and are reported as fully exercisable, with an expiration date in 2033.
Sysco Corporation outlines the pending acquisition of Jetro Restaurant Depot and presents an upgraded financial profile for the combined company. Fiscal 2026 sales were $84.6 billion, with adjusted operating margin around the mid‑4% range and adjusted EPS of $4.61. For fiscal 2027, Sysco targets 6%–7% sales growth and 9%–11% adjusted EPS growth, including about $100 million of cost reductions driven by technology and AI initiatives.
Restaurant Depot generated about $16 billion 2025 revenue, a 13% adjusted EBITDA margin and roughly 90%+ free cash flow conversion, with ~167 stores and ~725,000 local customers. Pro forma, management highlights adj. EBITDA margin rising from 5.2% to 6.7% and free cash flow conversion improving from 80%+ to 90%+, supported by at least $250 million of expected net cost synergies and the potential for 125+ new Restaurant Depot locations over two decades.
Net debt to adjusted EBITDA was 2.8x–2.8x pre‑deal and is projected to peak near 4.5x at close, with a plan to reduce leverage by roughly 1.0x within 24 months and return toward a 2.75x long‑term target, while continuing significant dividends and buybacks.
Sysco Corporation furnished an investor presentation outlining its pending acquisition of JRD Unico, Inc. and Warehouse Realty, LLC, which operate Restaurant Depot. Management projects that the combined company will have higher growth, a step up in adjusted EBITDA margins and stronger free cash flow, driven in part by an estimated $250 million in annual net cost synergies fully ramped in year three.
The presentation reiterates fiscal 2027 guidance for 6%–7% sales growth and 9%–11% adjusted EPS growth, including about $100 million of cost savings in FY27 from technology and AI initiatives and U.S. Foodservice profit growth. Sysco reports a trailing 12‑month net debt to adjusted EBITDA ratio of 2.80x as of March 28, 2026 and estimates leverage of about 4.5x at transaction close, with a plan to reduce net leverage by roughly 1.0x within 24 months and target 2.75x long term. Restaurant Depot is shown generating about $16 billion of 2025 revenue, 13% adjusted EBITDA margins and roughly 90%+ free cash flow conversion, with plans for 125+ new U.S. locations over at least two decades.
SYY insider Ron Phillips filed a notice of intent to sell common stock. Phillips plans to sell 367 shares of common stock through Fidelity Brokerage Services LLC on 08/11/2026 on the NYSE, with an approximate value of $30,604.13. These shares were acquired from the issuer on 08/10/2026 via Restricted Stock Vesting as compensation. The filing also lists a prior sale during the past three months of 6,285 common shares on 08/10/2026 for about $527,562.90.
Sysco Corp executive Brenna C. Garrett, SVP and CCO, received 1,460.788 shares of common stock on 2026-07-31 upon vesting of performance share units granted in August 2023 under the 2018 Omnibus Incentive Plan. The vesting was based on pre-established financial performance metrics for the performance period from fiscal 2024 to fiscal 2026.
On the same date, 357 shares were withheld at a reference value of $84.71 per share to cover tax withholding obligations related to the vesting. The remaining vested shares represent a compensation-related equity award rather than an open-market purchase or sale.