Form 4: Sysco Director Larry Glasscock Increases Stake Through Stock Compensation

Sysco Corporation Director Larry C. Glasscock acquired 349 shares of common stock on June 30, 2025, as part of his non-employee director compensation, increasing his total beneficial ownership to 97,166.43 shares.

Summary

• Larry C. Glasscock, a Director of Sysco Corporation (SYY), reported a transaction on June 30, 2025.
• The transaction involved the acquisition of 349 shares of Sysco common stock.
• The shares were acquired at a price of $75.01 per share.
• Following this transaction, Larry C. Glasscock's beneficial ownership in Sysco Corporation stands at 97,166.43 shares.
• The acquisition represents shares received in lieu of a portion of non-employee director annual cash retainer fees, 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.

Sentiment

Score: 7

Explanation: The filing indicates a director's increased beneficial ownership through stock compensation, which generally aligns management interests with shareholders. This is a routine, pre-arranged transaction and does not suggest any negative or highly positive unexpected events.

Positives

• Director Larry C. Glasscock increased his beneficial ownership in Sysco Corporation by acquiring 349 shares of common stock.
• The acquisition of shares in lieu of cash retainer fees aligns the director's financial interests with those of shareholders, promoting good corporate governance.

Future Outlook

NA

Industry Context

This Form 4 filing reflects a routine insider transaction related to director compensation, which is a common practice across various industries, including the food distribution sector where Sysco operates. It does not provide broader insights into industry trends or competitive dynamics.

Related Party Transactions

• The acquisition of shares by Director Larry C. Glasscock is part of his non-employee director annual cash retainer fees, which are governed by the Sysco Corporation 2018 Omnibus Plan and deferred under the 2009 Board of Directors Stock Deferral Plan.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to increased stock ownership.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

Sysco Corporation, SYY, Form 4, Insider Transaction, Director Stock Acquisition, Stock Compensation, Beneficial Ownership, Larry C. Glasscock