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

Director Ali Dibadj acquired 379 shares of Sysco Corp common stock at $72.47 per share in lieu of cash retainer fees.

Summary

• On June 28, 2024, Ali Dibadj, a director of Sysco Corp, acquired 379 shares of common stock at a price of $72.47 per share.
• The acquisition was made in lieu of non-employee director annual cash retainer fees, according to the Sysco Corporation 2018 Omnibus Incentive Plan.
• Following the transaction, Dibadj directly owns 8,501 shares of Sysco Corp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine director share acquisition, neither particularly positive nor negative.

Positives

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

Industry Context

Directors receiving shares in lieu of cash compensation is a fairly common practice, particularly in larger companies. It aligns the director's interests with those of shareholders.

Comparison to Industry Standards

• Comparing Sysco's director compensation structure to companies like US Foods Holding Corp (USFD) or Performance Food Group Company (PFGC) could provide further context.
• Benchmarking the percentage of director compensation paid in equity versus cash against industry averages would be useful.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard director compensation practice.

Key Dates