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

Director Daniel J. Brutto acquired 113 shares of Sysco Corp common stock on June 28, 2024, in lieu of a portion of his non-employee director annual cash retainer fees.

Summary

• On June 28, 2024, Daniel J. Brutto, a director of Sysco Corp, acquired 113 shares of common stock.
• The acquisition was made in lieu of a portion of his non-employee director annual cash retainer fees.
• The price per share was $72.47.
• Following the transaction, Brutto directly owns 32,291.102 shares of Sysco Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.

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 as part of their compensation is a common practice in publicly traded companies. It aligns their interests with those of shareholders.

Stakeholder Impact

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

Key Dates