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

Director Larry C. Glasscock acquired 353 shares of Sysco Corp common stock on March 31, 2025, in lieu of a portion of his non-employee director annual cash retainer fees.

Summary

• On March 31, 2025, Larry C. Glasscock, a director of Sysco Corp, acquired 353 shares of common stock.
• The acquisition was made in lieu of a portion of his non-employee director annual cash retainer fees, at a price of $74.1 per share.
• These shares are to be received pursuant to the Sysco Corporation 2018 Omnibus Plan.
• The receipt of these shares has been deferred pursuant to the 2009 Board of Directors Stock Deferral Plan.
• Following the transaction, Glasscock beneficially owns 96,133.966 shares of Sysco Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director is increasing their stake in the company, indicating confidence. However, the transaction is part of a pre-existing compensation plan, so it's not a surprising event.

Positives

• The director's decision to take shares in lieu of cash retainer fees demonstrates confidence in the company's future performance.
• The acquisition increases the director's alignment with shareholder interests.

Future Outlook

The document does not contain specific forward-looking statements, but the director's continued investment in the company suggests a positive outlook.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. This transaction indicates a positive sentiment from a member of the board.

Comparison to Industry Standards

• Director share acquisitions are common in publicly traded companies, often as part of compensation packages or through direct purchases.
• The Sysco Corporation 2018 Omnibus Plan is a typical equity compensation plan used by many companies to align the interests of directors and employees with those of shareholders.
• The amount of shares acquired is relatively small compared to the director's existing holdings, suggesting it's more of a routine compensation matter than a significant investment decision.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• The transaction has no significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Sysco, Director, Glasscock, Share Acquisition, Form 4, Insider Trading, Omnibus Plan, Stock Deferral Plan, Retainer Fees