Sysco EVP Phillips sells $79,680 in shares By Investing.com

Ronald L. Phillips, Executive Vice President and Chief Human Resources Officer at Sysco Corp (), reported recent transactions involving the company’s common stock. On September 11, 2026, Mr. Phillips sold 960 shares at a price of $83.00 per share, totaling $79,680. This sale was executed pursuant to a Rule 10b5-1 trading plan.

Concurrently with the sale, Mr. Phillips acquired 960 shares of common stock through the exercise of stock options at a price of $69.95 per share, amounting to $67,152. This acquisition was also part of a Rule 10b5-1 trading plan. The transactions occurred while Sysco’s stock currently trades at $79.60, with the company maintaining a market capitalization of $39.16 billion. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, and the company has maintained dividend payments for an impressive 56 consecutive years. Investors can access 5 additional InvestingPro Tips and comprehensive financial metrics to better understand Sysco’s investment potential.

Additionally, on September 14, 2026, Mr. Phillips disposed of another 57 shares of Sysco common stock at a price of $84.32 per share, for a total of $4,806. This transaction was also conducted under a Rule 10b5-1 trading plan.

Further transactions on September 11, 2026, included the disposition of 149 shares of common stock at $82.31 per share, totaling $12,264. These shares were withheld upon the vesting of restricted stock units to cover tax withholding obligations.

Following these reported transactions, Mr. Phillips’ direct beneficial ownership of Sysco common stock stands at 49,645.664 shares.

The stock options exercised on September 11, 2026, were part of a grant where one-third of the shares covered vest and are exercisable annually on September 11, 2024, 2025, and 2026. These options were granted by the Compensation and Leadership Development Committee of Sysco’s Board of Directors under the 2018 Omnibus Incentive Plan and are set to expire on September 10, 2033.

In other recent news, Sysco Corporation announced the pricing of a $1 billion share offering, which garnered significant interest from investors, with demand reportedly exceeding the available shares. The company sold over 12 million shares at $81.00 each, with the top 10 investors purchasing more than half of the offering. This equity offering aligns with Sysco’s financing plans for the acquisition of Restaurant Depot, with $1 billion expected to come from cash, equity, or equity-linked securities. Guggenheim has maintained a Buy rating for Sysco, setting a price target of $90.00, while UBS also reiterated a Buy rating, noting potential earnings growth and synergy opportunities with Restaurant Depot.

In response to a U.S. cyclosporiasis outbreak, Sysco halted purchases of iceberg lettuce from Mexico, as confirmed by CEO Kevin Hourican. The company had already conducted a voluntary recall of Taylor Farms iceberg lettuce in July. Furthermore, Sysco plans to offer underwriters a 30-day option to purchase an additional $150 million in shares to cover overallotments. These developments reflect Sysco’s strategic financial maneuvers and ongoing operational adjustments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.