Form 4: Sysco Director Francesca DeBiase Acquires Restricted Stock

Francesca DeBiase, a director at Sysco Corp, acquired 2,801 shares of restricted stock on November 15, 2024, which will vest on the first anniversary of the grant date.

Summary

• Francesca DeBiase, a director at Sysco Corp, acquired 2,801 shares of restricted stock on November 15, 2024.
• The shares were granted as part of the 2018 Sysco Corporation Omnibus Incentive Plan.
• The receipt of these shares has been deferred under the 2009 Board of Directors Stock Deferral Plan.
• The restricted stock will vest on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of restricted stock grant to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of restricted stock aligns the director's interests with the company's long-term performance.
• The vesting period encourages long-term commitment from the director.

Industry Context

This is a standard transaction for a director of a public company, often used as part of compensation and incentive programs.

Comparison to Industry Standards

• Restricted stock grants are a common form of compensation for directors in publicly traded companies.
• The vesting period of one year is typical for such grants.
• Deferral plans are also common to manage tax implications and align with long-term goals.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The vesting period encourages long-term value creation.

Key Dates

Keywords

Sysco, Director, Francesca DeBiase, Restricted Stock, Stock Grant, Incentive Plan, Stock Deferral Plan, Beneficial Ownership, SEC Form 4