Form 4: Sysco Director Acquires Shares in Lieu of Cash Retainer

Sysco director Ali Dibadj acquired 360 shares of common stock on December 31, 2024, in lieu of cash retainer fees.

Summary

• On December 31, 2024, Sysco director Ali Dibadj acquired 360 shares of Sysco common stock.
• The shares were acquired at a price of $76.36 per share.
• This acquisition was made in lieu of non-employee director annual cash retainer fees, as part of the Sysco Corporation 2018 Omnibus Incentive Plan.
• Following the transaction, Mr. Dibadj's total holdings of Sysco common stock is 12,016 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a positive alignment of interests between the director and the company. It is not a major event, but it is a positive sign.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of shares in lieu of cash retainer fees aligns director interests with shareholder interests.

Industry Context

This is a routine transaction for a director of a public company, where equity is often used as part of compensation packages to align interests with shareholders. It is common for directors to receive shares in lieu of cash retainers.

Comparison to Industry Standards

• Many public companies use equity as part of director compensation.
• The practice of offering shares in lieu of cash retainers is a common method to align director interests with shareholders.
• The amount of shares acquired is relatively small compared to the overall market capitalization of Sysco, which is typical for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Sysco, Director, Share Acquisition, Form 4, Insider Trading, Equity Compensation, Ali Dibadj, Non-Employee Director, Omnibus Incentive Plan