SYSCO (SYY) SVP Jennifer L. Johnson Withholds 621 Shares for Taxes
$SYY · SYSCO CORPResearch Summary
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SYSCO (SYY) SVP Jennifer L. Johnson Withholds 621 Shares for Taxes
What Happened
Jennifer L. Johnson, Senior Vice President and Chief Accounting Officer of SYSCO Corp (SYY), had 621 shares withheld upon the vesting of restricted stock units to satisfy tax withholding obligations. The withholding was recorded at a per-share value of $83.06, for a total value of approximately $51,580. This was a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.
Key Details
- Transaction date: 2026-08-21 (Period of Report).
- Filing date (Form 4): 2026-08-25 (Accession 0001885927-26-000005).
- Shares withheld/disposed: 621 shares at $83.06 per share; total reported value $51,580.
- Transaction code/footnote: F — shares were withheld upon RSU vesting to pay tax withholding obligations (Footnote F1).
- Shares owned after transaction: Not disclosed in this filing.
- Timeliness: Form 4 was filed four days after the transaction date; insiders are generally required to file within two business days, so consult the official filing for any notes on timeliness.
Context
This is a routine tax-withholding event tied to RSU vesting, common for executive compensation. It does not represent a discretionary sale or purchase signal by the insider — the company withheld shares to cover taxes rather than the insider selling shares on the open market.