Form 4: Sysco Director Larry Glasscock Acquires Restricted Stock

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

Summary

• Sysco director Larry Glasscock 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.
• The transaction was reported in a Form 4 filing with the SEC.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction of stock grants to a director, which is generally viewed as a neutral to slightly positive event, indicating alignment of interests between management and shareholders.

Positives

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

Industry Context

This is a routine filing related to executive compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Stock grants to directors are a common practice in publicly traded companies as part of their compensation packages.
• The vesting schedule of one year is also a typical arrangement for restricted stock grants.
• Companies like US Foods and Performance Food Group also use similar stock-based compensation plans for their directors and executives.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Sysco, Larry Glasscock, restricted stock, Form 4, director, stock grant, insider trading, SEC filing