Kevin Hourican - 29 Jul 2022 Form 4 Insider Report for SYSCO CORP (SYY)

Role
President and CEO, Director
Signature
/s/ Gerald W. Clanton, Attorney-in-fact
Issuer symbol
SYY
Transactions as of
29 Jul 2022
Net transactions value
-$11,159,010
Form type
4
Filing time
02 Aug 2022, 17:16:21 UTC
Previous filing
11 Apr 2022
Next filing
19 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYY Common Stock Award $0 +135,995 +154% $0.000000 224,472 29 Jul 2022 Direct F1
transaction SYY Common Stock Tax liability $4,670,789 -53,515 -24% $87.28 170,957 29 Jul 2022 Direct F2
transaction SYY Common Stock Award $0 +188,912 +111% $0.000000 359,870 29 Jul 2022 Direct F3
transaction SYY Common Stock Tax liability $6,488,221 -74,338 -21% $87.28 285,532 29 Jul 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received upon the vesting of performance share units granted by the Compensation and Leadership Development Committee of the Company's Board of Directors (the "Committee") pursuant to the 2018 Omnibus Incentive Plan. These performance share units were granted by the Committee in August 2020. The number of shares of common stock received upon the vesting of these performance share units was determined based upon the Company's performance with regard to pre-established financial performance metrics for the performance period from fiscal 2021 to fiscal 2022.
F2 These shares were withheld upon the vesting of performance share units to pay tax withholding obligations.
F3 Shares received upon the vesting of performance share units granted by the Compensation and Leadership Development Committee of the Company's Board of Directors (the "Committee") pursuant to the 2018 Omnibus Incentive Plan. These performance share units were granted by the Committee in June 2021 and has a two-year holding period at the time of vesting. The number of shares of common stock received upon the vesting of these performance share units was determined based upon the Company's performance with regard to pre-established financial performance metrics for the performance period from fiscal 2021 to fiscal 2022.