Form 4: Sysco Director Edward D. Shirley Acquires Shares in Lieu of Cash Retainer

Director Edward D. Shirley acquired 384 shares of Sysco Corp 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, Edward D. Shirley, a director of Sysco Corp, acquired 384 shares of common stock.
• The shares were received in lieu of a portion of his non-employee director annual cash retainer fees for services as Chairman of the Board.
• The price per share was $81.18.
• Following the transaction, Shirley directly owns 32,340 shares of Sysco Corp.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. It doesn't indicate any significant positive or negative outlook.

Positives

• The 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.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates