Key facts
- This page summarizes Nelson Peltz's Form 4 filing for SYSCO CORP (SYY).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 09 Jun 2021, 16:57.
Nelson Peltz - 07 Jun 2021 Form 4 Insider Report for SYSCO CORP (SYY)
- Reporting relationship
- Director
- Issuer ticker
- SYY
- Reported as of
- 07 Jun 2021
- Net transaction value
- -$115,844,965
- SEC form
- 4
- Accepted by SEC
- 09 Jun 2021, 16:57:25 UTC
- Prior SEC filing
- 27 May 2021
- Next SEC filing
- 09 Jul 2021
- Source filing
- View source filing
- Reporting owner signature
- Daniel R. Marx, Attorney-in-Fact for Nelson Peltz
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Nelson Peltz filed Form 4 for SYSCO CORP (SYY) on 09 Jun 2021.
Change
- Previous filing in this sequence was filed on 27 May 2021.
- Current net transaction value: -$115,844,965.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SYY
transaction
Common Stock
Sale
- Transaction value
- $51,712,245
- Shares
- -650,000
- Change %
- -3.4%
- Price
- $79.56
- Shares after
- 18,666,044
- Date
- 07 Jun 2021
- Ownership
- Please see explanation below
- Footnotes
- F1, F2, F3, F4
SYY
transaction
Common Stock
Sale
- Transaction value
- $64,132,720
- Shares
- -800,000
- Change %
- -4.3%
- Price
- $80.17
- Shares after
- 17,866,044
- Date
- 08 Jun 2021
- Ownership
- Please see explanation below
- Footnotes
- F1, F3, F4, F5
SYY
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,840
- Date
- 07 Jun 2021
- Ownership
- Direct
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Represents sales of shares made in connection with the expiration of a multi-year lockup period of a Trian Entity (as defined below).
Footnote F2
The price shown in Column 4 is a weighted average sale price. The price range for the sales is $79.36 to $79.87. The Reporting Person undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
Footnote F3
Trian Fund Management, L.P. ("Trian Management") serves as the management company for Trian Partners, L.P., Trian Partners Master Fund, L.P., Trian Partners Parallel Fund I, L.P., Trian Partners Strategic Investment Fund-A, L.P., Trian Partners Co-Investment Fund-A, L.P., Trian Partners Strategic Investment Fund-N, L.P., Trian Partners Strategic Investment Fund-D, L.P., Trian Partners Fund (Sub)-G, L.P., Trian Partners Strategic Fund-G II, L.P., Trian Partners Strategic Fund G-III, L.P., Trian Partners Co-Investment Opportunities Fund, Ltd., Trian Partners Strategic Fund-K, L.P. and Trian Partners Strategic Fund-C, Ltd. (collectively, the "Trian Entities") and as such determines the investment and voting decisions of the Trian Entities with respect to the shares of the Issuer held by them. Mr. Peltz is a member of Trian Fund Management GP, LLC, which is the general partner of Trian Management, and therefore is in a position to
Footnote F4
(FN 3, contd.) determine the investment and voting decisions made by Trian Management on behalf of the Trian Entities. Mr. Peltz is also a member of the general partner of Trian Partners SPV XI GP, L.P. ("SPV XI GP"), and is therefore in a position to determine its investment and voting decisions. Accordingly, Mr. Peltz may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares beneficially owned by Trian Management and the Trian Entities, as well as the shares beneficially owned by SPV XI GP. The Reporting Persons disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein and this report shall not be deemed an admission that the Reporting Persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Mr. Peltz is a director of the Issuer.
Footnote F5
The price shown in Column 4 is a weighted average sale price. The price range for the sales is $79.8950 to $80.52. The Reporting Person undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
SEC remarks
The shares which are reported on this filing as being indirectly held by Mr. Peltz and Trian Management through their relationship with the Trian Entities, and the transactions with respect to such shares, are also reported in the filings made by Mr. Frank and Trian Management, and represent the same shares and transactions.