Form 4: Sysco Director Acquires Deferred Equity Compensation

Sysco Director Larry C. Glasscock acquired 320 shares of common stock at $81.84 per share, with their receipt deferred as part of his compensation.

Summary

• Larry C. Glasscock, a Director of Sysco Corp (SYY), acquired 320 shares of common stock.
• The transaction occurred on September 30, 2025, at a price of $81.84 per share.
• These shares represent a portion of his non-employee director annual cash retainer fees, granted under the Sysco Corporation 2018 Omnibus Plan.
• The receipt of these shares has been deferred pursuant to the 2009 Board of Directors Stock Deferral Plan.
• The acquisition includes 168 shares specifically in lieu of the base retainer.
• Following this transaction, Mr. Glasscock beneficially owns 98,161.059 shares directly.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 6

Explanation: The filing reports a routine, pre-planned compensation event for a director, which is generally neutral but slightly positive as it increases insider ownership and aligns interests.

Positives

• A director is increasing their equity stake in the company, aligning their interests with those of shareholders.
• The transaction is part of a pre-established compensation plan, indicating structured corporate governance.

Future Outlook

The shares acquired are part of a compensation plan and their receipt has been deferred, indicating a future event when these shares will be physically received by the director.

Industry Context

It is a common practice in the industry for non-employee directors to receive a portion of their compensation in company stock, often with deferral options, to align their long-term interests with company performance and shareholder value.

Comparison to Industry Standards

• The practice of compensating non-employee directors with equity, and offering deferral plans, is a standard corporate governance practice across many industries, including the food distribution sector where Sysco operates.
• This aligns with global benchmarks for executive and director compensation, which often include a significant equity component to foster long-term commitment and performance.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Director Larry C. Glasscock from Sysco Corp as part of his compensation constitutes a related party transaction, which is standard practice for director remuneration.

Stakeholder Impact

• Shareholders: The transaction increases a director's direct ownership, potentially signaling confidence and aligning management interests with shareholder value over the long term.
• Employees: No direct impact mentioned.

Next Steps

• Future receipt of the deferred shares by Larry C. Glasscock as per the 2009 Board of Directors Stock Deferral Plan.

Key Dates

Keywords

Sysco, SYY, Form 4, Insider Transaction, Director Compensation, Stock Acquisition, Equity Deferral, Corporate Governance