Form 4: Sysco Director Jill Golder Acquires 2,801 Shares of Restricted Stock

Sysco director Jill Golder acquired 2,801 shares of restricted stock on November 15, 2024, as part of the company's 2018 Omnibus Incentive Plan.

Summary

• Jill Golder, a director at Sysco Corp, acquired 2,801 shares of common stock on November 15, 2024.
• The shares were granted as restricted stock under the 2018 Sysco Corporation Omnibus Incentive Plan.
• The grant was valued at $0 at the time of acquisition.
• The restricted stock will vest on the first anniversary of the grant date.
• Following the transaction, Ms. Golder beneficially owns a total of 7,901 shares of Sysco common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is a positive sign of alignment between management and shareholders. There are no negative implications.

Positives

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

Future Outlook

The restricted stock will vest on the first anniversary of the grant date, which is a standard vesting schedule.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with shareholders.

Comparison to Industry Standards

• The use of restricted stock grants is a standard practice for director compensation across various industries.
• Many companies, such as PepsiCo (PEP) and Coca-Cola (KO), use similar incentive plans to align director interests with company performance.
• The vesting period of one year is also a common practice, ensuring directors have a long-term stake in the company's success.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, promoting long-term value creation.
• The vesting period encourages the director's continued commitment to the company.

Key Dates

Keywords

Sysco, Director, Jill Golder, Restricted Stock, Stock Grant, Beneficial Ownership, SEC Form 4, Omnibus Incentive Plan