Form 4: Sysco Director Larry C. Glasscock Acquires Additional Shares in Lieu of Cash Retainer

Director Larry C. Glasscock increased his holdings in Sysco Corp by acquiring 230 shares of common stock in lieu of a portion of his non-employee director annual cash retainer fees.

Summary

• On March 29, 2024, Larry C. Glasscock, a director of Sysco Corp, acquired 230 shares of common stock.
• The shares were received in lieu of a portion of his non-employee director annual cash retainer fees, as per the Sysco Corporation 2018 Omnibus Incentive Plan.
• The price per share was $81.18.
• Following the transaction, Glasscock's direct ownership in Sysco Corp amounts to 89,446.702 shares.
• The receipt of these shares has been deferred pursuant to the 2009 Board of Directors Stock Deferral Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally viewed favorably, suggesting confidence in the company's prospects. However, the acquisition is part of a pre-existing compensation plan, so it's not necessarily a strong signal.

Positives

• The director's decision to take shares in lieu of cash may signal confidence in the company's future performance.
• Increased share ownership aligns the director's interests with those of other shareholders.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Directors receiving shares in lieu of cash compensation is a common practice, aligning their interests with shareholders and conserving company cash.

Stakeholder Impact

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

Key Dates