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

Director Larry C. Glasscock acquired 337 shares of Sysco Corp common stock at $77.66 per share in lieu of a portion of his non-employee director annual cash retainer fees.

Summary

• On September 30, 2024, Larry C. Glasscock, a director of Sysco Corp, acquired 337 shares of common stock.
• The shares were acquired in lieu of a portion of his non-employee director annual cash retainer fees, under the Sysco Corporation 2018 Omnibus Plan.
• The price per share was $77.66.
• Following the transaction, Glasscock beneficially owns 91,382.539 shares of Sysco Corp common stock directly.
• The receipt of these shares has been deferred pursuant to the 2009 Board of Directors Stock Deferral Plan.

Sentiment

Score: 7

Explanation: Routine transaction indicating director's continued investment in the company. No significant negative implications.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of the 2018 Omnibus Plan and 2009 Stock Deferral Plan provides flexibility in compensation.

Industry Context

Directors often receive stock as part of their compensation, aligning their interests with shareholders. This is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence due to director's increased stake in the company.

Key Dates