SEC 8-K and 6-K filings classified by Claude with reasoning, plus Form 4 insider transactions. Ingested from EDGAR’s filing stream in near-real time, reconciled overnight.
Open-market buys and sells only — the deliberate trades. Zero here doesn’t mean no filings: grants, option exercises and tax withholding (below) are compensation, not market trades.
| Insider | Role | Date | Transaction | Shares | Value |
|---|---|---|---|---|---|
| Garrett Brenna C | SVP, CCO | 2026-09-01 | Grant/award | 10270 | $0 |
| Higgs Stephen Dale | SVP | 2026-09-01 | Grant/award | 9062 | $0 |
| Higgs Stephen Dale | SVP | 2026-09-01 | Grant/award | 6041 | $0 |
| Hourican Kevin | Chair and CEO, Director | 2026-09-01 | Grant/award | 84581 | $0 |
| Johnson Jennifer L | SVP and CAO | 2026-09-01 | Grant/award | 6283 | $0 |
| Keller Gregory Scott | EVP | 2026-09-01 | Grant/award | 11237 | $0 |
| Keller Gregory Scott | EVP | 2026-09-01 | Grant/award | 6041 | $0 |
| Keller Gregory Scott | EVP | 2026-09-01 | Tax withholding | 47 | $4K |
| Phillips Ronald L | EVP and CHRO | 2026-09-01 | Grant/award | 13539 | $0 |
| Schott Jennifer Kaplan | EVP, Chief Legal Officer | 2026-09-01 | Grant/award | 13774 | $0 |
| Sewell Brandon Elliot | Interim CFO | 2026-09-01 | Grant/award | 3285 | $0 |
| Phillips Ronald L | EVP and CHRO | 2026-08-24 | Open-market sell 10b5-1 | 506 | $43K |
| Garrett Brenna C | SVP, CCO | 2026-08-21 | Tax withholding | 358 | $30K |
| Higgs Stephen Dale | SVP | 2026-08-21 | Tax withholding | 970 | $81K |
| Hourican Kevin | Chair and CEO, Director | 2026-08-21 | Tax withholding | 12796 | $1.1M |
| Johnson Jennifer L | SVP and CAO | 2026-08-21 | Tax withholding | 621 | $52K |
| Keller Gregory Scott | EVP | 2026-08-21 | Tax withholding | 1105 | $92K |
| Phillips Ronald L | EVP and CHRO | 2026-08-21 | Option exercise 10b5-1 | 7350 | $563K |
| Phillips Ronald L | EVP and CHRO | 2026-08-21 | Open-market sell 10b5-1 | 7350 | $615K |
| Phillips Ronald L | EVP and CHRO | 2026-08-21 | Tax withholding 10b5-1 | 1831 | $152K |
Fiscal period ending 2026-06-27 versus 2025-06-28 — view filing on EDGAR →
The Jetro Restaurant Depot acquisition dominates the risk picture, introducing a dense cluster of new material exposures: $21.6B in acquisition financing with a reduced bridge facility, a $1.164B termination fee, an active FTC second request threatening deal delay or forced divestitures, shareholder dilution of ~16%, IRS tax-free reorganization challenge risk, and M&A litigation including potential injunctions. Union renegotiation exposure nearly doubled to 26% of U.S. union employees, compounding operational disruption risk during an already complex integration. Two modest offsets — a near-term debt maturity reduction and a 56% drop in pension withdrawal liability — are materially outweighed by the breadth and severity of the transaction-driven worsening.
10 company-specific · 2 eased/removed · 2 common-mode
Material M&A transaction newly disclosed with multiple substantive risks: financing uncertainty, regulatory (HSR) approval risk, operational disruption, shareholder dilution, and litigation exposure.
Risks Related to the Transactions • The Transactions are subject to conditions, some or all of which may not be satisfied on a timely basis, if at all. • We and Jetro Restaurant Depot are subject…
New material risk: pending transaction with $1.164B termination fee, HSR approval uncertainty, stock price decline risk, and significant operational disruption if deal fails.
The Transactions are subject to conditions, some or all of which may not be satisfied or completed on a timely basis, if at all. Failure to complete the Transactions in a timely manner or at all…
New disclosure of FTC second request in pending Jetro merger, creating material risk of deal delay, abandonment, or forced divestitures affecting transaction completion and post-deal revenues.
The mergers are subject to the requirements of the HSR Act, and regulatory authorities may impose conditions that could have an adverse effect on us following the Transactions or that could delay…
New disclosure of $21.6B acquisition financing risk. Bridge facility reduced from $22B to $19B; refinancing uncertainty could materially adversely affect operations and financial condition.
We expect to obtain financing in connection with the Transactions but cannot guarantee that we will be able to obtain such financing on favorable terms or at all. The cash portion of the purchase…
New material M&A risk: Sysco's acquisition of Jetro Restaurant Depot introduces substantial integration challenges, synergy realization uncertainty, and potential EPS dilution—substantive risks a reasonable investor would act on.
We may not achieve the intended benefits, and the Transactions may disrupt our current plans or operations. There can be no assurance that Sysco Holdings will be able to successfully integrate Jetro…
Union contract renegotiation exposure nearly doubled: from ~14% to 26% of U.S. union employees and 22% internationally. Materially increased work stoppage risk.
Failure to successfully renegotiate union contracts could result in work stoppages, which could have a material adverse effect on our business, financial condition and results of operations . As of…
New disclosure of material M&A transaction risks: pending Jetro acquisition creates business uncertainty, customer/supplier relationship risk, key personnel retention risk, and management distraction during integration.
We and Jetro Restaurant Depot are subject to business uncertainties and contractual restrictions while the Transactions are pending. Uncertainty about the effect of the Transactions on employees…
New disclosure of material M&A litigation risk. Identifies specific threats: shareholder lawsuits, potential injunctions blocking transaction completion, substantial defense costs, and damages exposure affecting liquidity.
Potential litigation against us could result in substantial costs, an injunction preventing the completion of the Transactions and/or a judgment resulting in the payment of damages. Securities class…
Material M&A transaction disclosed: stockholder dilution of ~16% ownership stake through acquisition/merger creating combined entity. Investors must act on this structural change.
Our existing stockholders will have reduced ownership and economic interest in Sysco Holdings after the Transactions. After the completion of the Transactions, our stockholders will own a smaller…
New risk: IRS could challenge Sysco Merger's tax-free reorganization status, exposing shareholders to unexpected federal income tax liability on merger consideration.
If the Sysco Merger does not qualify as a “reorganization” under Section 368(a) of the Internal Revenue Code of 1986, as amended (the Code) or, taken together with the JRD Merger, as a…
Near-term debt maturity decreased significantly from $1.75B to $792M, reducing immediate refinancing risk. Total debt increased modestly ($13.3B to $13.5B), but improved maturity profile is material.
Our level of indebtedness and the terms of our indebtedness could adversely affect our business and liquidity position . As described in Note 12, “Debt and Other Financing Arrangements,” in the…
Withdrawal liability estimate decreased significantly from $150M to $66M, a 56% reduction. This material improvement in the company's pension obligation risk eases financial pressure.
We may be required to pay material amounts under multiemployer defined benefit pension plans, which could adversely affect our financial condition, results of operations and cash flows . We…
New disclosure of One Big Beautiful Bill Act (2025) with 100% bonus depreciation, materially affecting cash tax timing and payments in fiscal 2026 and beyond.
Changes in applicable tax laws or regulations and the resolution of tax disputes could negatively affect our financial results. As a multinational corporation, we are subject to income taxes, as well…
New disclosure of AI-specific regulatory risk and increased enforcement activity. Removes prior specific GDPR/CPRA examples but adds emerging AI compliance complexity and heightened enforcement emphasis.
Our failure to comply with data privacy regulations could adversely affect our business. Data privacy laws and the regulatory activity associated therewith, continue to evolve across most…
Fiscal period ending 2025-06-28 versus 2024-06-29 — view filing on EDGAR →
Debt load rose 11% to $13.3B with a new $1.75B near-term maturity flagged, while regulatory headwinds compounded across tax, trade, and data-privacy fronts. The combination of elevated refinancing risk and broadening compliance obligations across multiple jurisdictions marks a substantive deterioration, though no solvency or going-concern trigger has been crossed. Tariff exposure and OECD tax-deal uncertainty add macro and fiscal pressure that was absent in the prior filing.
3 company-specific · 2 common-mode
Total indebtedness increased 11% ($12.0B to $13.3B). New disclosure of $1.75B near-term maturity and refinancing risk adds substantive liquidity concern.
Our level of indebtedness and the terms of our indebtedness could adversely affect our business and liquidity position . As described in Note 12, “Debt and Other Financing Arrangements,” in the…
New UK Data Use and Access Act disclosure adds concrete localized data storage requirement and market segregation obligation, escalating compliance complexity and operational costs.
Our failure to comply with data privacy regulations could adversely affect our business. Data privacy laws and the regulatory activity associated therewith, continue to evolve across most…
Withdrawal liability estimate increased from $141M to $150M (6.4% rise). Annual contributions rose from $63M to $66M. Quantifiable deterioration in pension obligations.
We may be required to pay material amounts under multiemployer defined benefit pension plans, which could adversely affect our financial condition, results of operations and cash flows . We…
Added disclosure of Trump executive orders challenging OECD Global Tax Deal's U.S. enforceability and directing investigation of foreign tax treaty compliance, creating new regulatory uncertainty and potential adverse tax impact.
Changes in applicable tax laws or regulations and the resolution of tax disputes could negatively affect our financial results. As a multinational corporation, we are subject to income taxes, as well…
New disclosure of U.S. tariff risks and trade policy uncertainty. Shifts focus from past geopolitical events to current, actionable trade threats affecting business and consumer confidence.
Economic and political instability and changes in laws and regulations could adversely affect our results of operations and financial condition. Our international operations subject us to certain…
Sysco disclosed reaffirmation of fiscal 2027 guidance, introduction of a $500 million multi-year AI-powered efficiency improvement program, and raising of mid-term financial targets for fiscal 2028-2029. While the press release includes forward-looking financial guidance, the core material event is the announcement of a significant operational transformation initiative (the AI efficiency program) and strategic cost-out efforts, which is operational in nature rather than a pure earnings release or financial guidance update. The program targets structural cost reduction across supply chain, automation, indirect spend, and customer experience over three years.
View raw filing on EDGAR →Sysco elected two new directors, Jason Murray and Thomas Ondrof, to its Board effective September 1, 2026, increasing the Board size from 11 to 13 directors. Both appointees bring expertise in AI, technology, supply chain management, and foodservice distribution, supporting the company's AI transformation initiatives and governance enhancement.
View raw filing on EDGAR →Sysco disclosed a presentation to investors regarding its previously announced agreement to acquire JRD Unico, Inc. and Warehouse Realty, LLC (Jetro Restaurant Depot), detailing the strategic rationale, financial projections, synergy expectations, pro forma revenue and EBITDA impacts, expected EPS accretion, and integration plans.
View raw filing on EDGAR →This is a clear earnings release disclosing Sysco's fourth quarter and full fiscal year 2026 financial results, including sales ($84.6 billion for FY2026), gross profit, operating income, net earnings, and diluted EPS ($3.66 for FY2026). The press release is attached as Exhibit 99.1 and includes forward-looking guidance for FY2027 (6%-7% sales growth, 9%-11% adjusted EPS growth). Item 2.02 explicitly covers results of operations and financial condition, and this disclosure is material to investors assessing the registrant's financial performance.
View raw filing on EDGAR →The disclosure describes Sysco's filing of a Form S-4 registration statement in connection with a merger agreement dated March 30, 2026, involving multiple merger subsidiaries and the acquisition of JRD Unico, Inc. and Warehouse Realty, LLC. The Form S-4 contemplates issuance of New Slider HoldCo common stock to Sysco shareholders, indicating a material acquisition or change-of-control transaction requiring SEC registration and shareholder approval.
View raw filing on EDGAR →