Sysco (SYY) SVP Jennifer L. Johnson Receives Award

What Happened

• Jennifer L. Johnson, Senior Vice President and Chief Accounting Officer of Sysco Corporation, had 3,378.29 shares issued on vesting of performance share units on 2026-07-31 at an effective value of $84.71 per share (total ≈ $286,175). Simultaneously, 1,150 shares were withheld to satisfy tax withholding (1,150 × $84.71 ≈ $97,417), leaving a net increase of 2,228.29 shares (net value ≈ $188,758). These were award/vesting transactions (not open-market buys or discretionary sales).

Key Details

• Transaction date: 2026-07-31; price used: $84.71 per share.
• Acquired (A): 3,378.29 shares (vested performance share units) — total ≈ $286,175.
• Disposed (F): 1,150 shares withheld for taxes — total ≈ $97,417.
• Net new shares received: 2,228.29 (≈ $188,758).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes: These were performance share units granted in August 2023 under the 2018 Omnibus Incentive Plan and vested based on Sysco’s pre-established financial performance for fiscal 2024–2026 (F1). The 1,150 shares were withheld to cover tax withholding obligations (F2).
• No late filing flag is indicated in the provided data.

Context

• This was a routine vesting of performance-based RSU/PSU awards tied to multi-year company performance — not an open-market purchase or a signal of immediate intent to sell. The withholding of shares to cover taxes is common in such vestings and is recorded as a disposition for reporting purposes.