Form 4: Sysco Director Daniel J. Brutto Acquires Additional Shares in Lieu of Cash Retainer

Director Daniel J. Brutto increased his holdings in Sysco Corp by acquiring 101 shares of common stock at $81.18 per share in lieu of a portion of his non-employee director annual cash retainer fees.

Summary

• On March 29, 2024, Daniel J. Brutto, a director of Sysco Corp, acquired 101 shares of common stock.
• The shares were acquired at a price of $81.18 per share.
• This acquisition was made in lieu of a portion of his non-employee director annual cash retainer fees, as per the Sysco Corporation 2018 Omnibus Incentive Plan.
• Following the transaction, Brutto directly owns 32,154.679 shares of Sysco Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction of a director acquiring shares as part of their compensation, which is neither significantly positive nor negative.

Positives

• A director's decision to take shares in lieu 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, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Comparing Sysco's director compensation structure to companies like United Natural Foods (UNFI) or Performance Food Group (PFGC) could provide insights into industry norms.
• Reviewing similar Form 4 filings from directors at these comparable companies can reveal trends in equity-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a small acquisition of shares by a director.

Key Dates