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

Director Daniel J. Brutto acquired 106 shares of Sysco Corp common stock at $77.66 per share in lieu of a portion of his non-employee director annual cash retainer fees.

Summary

• On September 30, 2024, Daniel J. Brutto, a director of Sysco Corp, acquired 106 shares of common stock.
• The shares were received in lieu of a portion of his 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, Brutto directly owns 32,423.535 shares of Sysco Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is taking shares in lieu of cash, which could be seen as a positive sign of confidence in the company. However, it's a routine transaction.

Positives

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

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This Form 4 filing reflects that practice.

Comparison to Industry Standards

• Stock awards are a common component of executive compensation packages across the food distribution industry.
• Companies like US Foods Holding Corp and Performance Food Group also utilize stock-based compensation to incentivize their directors and executives.
• The specific amount and terms of these awards vary based on company size, performance, and individual roles.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value.

Key Dates