Form 4: Sysco Director Ali Dibadj Acquires 354 Shares in Lieu of Cash Retainer

Director Ali Dibadj increased his holdings in Sysco Corp by acquiring 354 shares of common stock in lieu of non-employee director annual cash retainer fees.

Summary

• On September 30, 2024, Ali Dibadj, a director of Sysco Corp, acquired 354 shares of common stock.
• The acquisition was made in lieu of non-employee director annual cash retainer fees, as per the Sysco Corporation 2018 Omnibus Incentive Plan.
• The price per share was $77.66.
• Following the transaction, Dibadj directly owns 8,855 shares of Sysco Corp.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction. The director taking shares instead of cash is a mildly positive signal.

Positives

• Director's decision to take shares instead of cash may signal confidence in the company's future performance.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, aligning their interests with shareholders and conserving company cash.

Stakeholder Impact

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

Key Dates