Sysco ($SYY) EVP & CHRO Ronald Phillips Executes Option Exercise & Rule 10b5-1 Stock Sales
SYSCO CORP
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Filing Summary
š Form 4 Filing: SYSCO CORP ($SYY) š¤ Insider: Phillips Ronald L (EVP and CHRO) š Transaction Date: September 11, 2026
Transaction Breakdown: ā¢ Option Exercise (Code M): Acquired 960 shares at $69.95 ā¢ Open Market Sale (Code S): Sold 960 shares at $83.00 ($79,680) via Rule 10b5-1 plan ā¢ Tax Withholding (Code F): 149 shares withheld at $82.31 ($12,264.19) ā¢ Open Market Sale (Code S - Sept 14): Sold 57 shares at $84.32 ($4,806.24) via Rule 10b5-1 plan
Post-Transaction Direct Holdings: 49,645.664 shares
Comprehensive Analysis
Insider Transaction Summary: Sysco Corp ($SYY)
Overview
On September 15, 2026, Ronald L. Phillips, Executive Vice President and Chief Human Resources Officer at Sysco Corp ($SYY), filed a Form 4 disclosing option exercises, open-market sales, and shares withheld for taxes between September 11, 2026, and September 14, 2026.
Key Transaction Details
- Option Exercise & Same-Day Sale (September 11, 2026):
- Exercise: Acquired 960 shares of Common Stock via stock option exercise at a strike price of $69.95 per share.
- Sale: Sold 960 shares of Common Stock at $83.00 per share, generating gross proceeds of $79,680.00.
- Tax Withholding (September 11, 2026):
- 149 shares were withheld at $82.31 per share ($12,264.19 total) to cover tax obligations from the vesting of restricted stock units.
- Rule 10b5-1 Sale (September 14, 2026):
- Sold 57 shares of Common Stock at an average price of $84.32 per share ($4,806.24 total).
Holdings and Impact
- Pre-Transaction Direct Holdings: ~49,851.66 shares (prior to net activity)
- Post-Transaction Direct Holdings: 49,645.664 shares
- Trading Significance: Low. The sales were small in size and executed pursuant to a pre-arranged Rule 10b5-1 trading plan alongside routine option exercises and tax withholding.
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