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

Director Larry C. Glasscock acquired 361 shares of Sysco Corp common stock on June 28, 2024, in lieu of a portion of his non-employee director annual cash retainer fees.

Summary

• On June 28, 2024, Larry C. Glasscock, a director of Sysco Corp, acquired 361 shares of common stock.
• The acquisition was made 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 $72.47.
• Following the transaction, Glasscock beneficially owns 90,389.256 shares of Sysco Corp common stock.
• The receipt of these shares has been deferred pursuant to the 2009 Board of Directors Stock Deferral Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications.

Positives

• The director's decision to take shares in lieu of cash may signal confidence in the company's future performance.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This transaction is a routine part of director compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard part of director compensation.

Key Dates