Form 4: Sysco Director John M. Hinshaw Acquires Restricted Stock

Sysco director John M. Hinshaw acquired 2,801 shares of restricted stock on November 15, 2024, which will vest on the first anniversary of the grant date.

Summary

• Director John M. Hinshaw of Sysco Corporation acquired 2,801 shares of restricted stock on November 15, 2024.
• The shares were granted under 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 stock grant to a director, which is generally a positive sign of alignment between management and shareholder interests. It is not a major event, but it is a positive indicator.

Positives

• The acquisition of restricted stock by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock will vest on the first anniversary of the grant date.

Industry Context

This is a standard transaction for a director receiving stock-based compensation, common in publicly traded companies.

Comparison to Industry Standards

• Stock grants to directors are a common practice in publicly traded companies like Sysco.
• Companies such as US Foods Holding Corp (USFD) and Performance Food Group Company (PFGC) also use stock-based compensation for their directors.
• The vesting period of one year is also a typical timeframe for such grants.

Stakeholder Impact

• The stock grant to a director may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Sysco, Director, Restricted Stock, Stock Grant, Form 4, Insider Trading, Incentive Plan, Stock Deferral Plan