Shurts Wayne

Insider trading profile for Shurts Wayne: SYSCO Corp (SYY, 83 tx, 2012-2018): PURE SELL activity, 192,558 shares disposed across a 6-year window. The pattern is systematic: Dec 2018 F-code 1,641 at $67.40 + A-code 79,045 at $0 + M-code 15,275 + S-code 7,475 at $60.93; Mar 2018 repeated M/S pairs at ~$60 with cost $29.96 vesting (1:2 sell-to-hold); Feb 2018 M/S patterns; Jan 2018 M/S at $61.20. The $29.96 cost in 2018 vs $60-67 exit strongly implies executive stock-option exercise-and-hold-then-sell cycles. Zero buys at SYY. Armstrong World Industries (AWI, 9 tx, 2019-2026): A-code annual vesting 1,064 + 1,465 + 992 + 1,406 + 229 + 1,778 + 1,107 + 827 + 876 = 9,744 shares -- consistent diversification holding post-SYY era. Supervalu (SVU, legacy, 3K buy 2010-2012). Con-way Inc. (CNW, legacy, 2,396 buy 2015). KEY SIGNAL: Post-retirement insider at SYY fully liquidated position during 2012-2018 (192K SELL, no offsetting buys) then rebuilt small A-code vesting at AWI. Most recent SYY activity was 2018; no current SYY activity means the read is stale historical. Classification: neutral -- the SYY all-sell reflects post-retirement liquidation (no economic relevance to SYY today); AWI vesting is routine diversification. No open-market conviction in either security.