SYSCO (SYY) EVP Keller Gregory Scott Receives Award

What Happened

• Keller Gregory Scott, Executive Vice President of SYSCO Corp. (SYY), received 3,771.788 shares on 2026-07-31 upon the vesting of performance share units (PSUs). The shares are valued at $84.71 each, totaling about $319,508. To cover tax withholding obligations, 1,485 shares were withheld/disposed at the same per-share value (≈ $125,794), leaving a net increase of 2,286.788 shares (net stock value ≈ $193,714).

Key Details

• Transaction date: 2026-07-31; Filing date: 2026-08-04 (timeliness not specified in the filing).
• Awarded shares: 3,771.788 @ $84.71 = $319,508 (code A — award/acquisition).
• Shares withheld for taxes: 1,485 @ $84.71 = $125,794 (code F — tax withholding).
• Net shares retained after withholding: 2,286.788 (3,771.788 − 1,485); net value ≈ $193,714.
• Shares owned after transaction: not specified in the Form 4 filing provided.
• Footnotes: The shares came from PSUs granted in August 2023 that vested based on SYSCO's performance over fiscal 2024–2026 (F1). The 1,485 shares were withheld to satisfy tax withholding obligations upon vesting (F2).

Context

• This was a compensation-related vesting of performance-based restricted stock units, not an open-market purchase or a discretionary sale. Withheld shares to cover taxes are a routine administrative step and do not necessarily indicate the insider’s view of the company’s stock.
• For retail investors, awards/vests are less informative about insider sentiment than outright purchases or sales; they primarily reflect prior compensation grants tied to company performance.