Form 4: Sysco Director Larry Glasscock Receives Restricted Stock Grant

Sysco Corporation Director Larry C. Glasscock was granted 2,797 shares of restricted common stock, vesting in one year.

Summary

• Larry C. Glasscock, a Director of Sysco Corporation (SYY), acquired 2,797 shares of common stock.
• The transaction occurred on November 14, 2025, and represents a grant of restricted stock.
• The shares were issued at a price of $0, indicating they are part of an equity compensation plan.
• These shares will vest on the first anniversary of the grant date, which is November 14, 2026.
• The grant was made pursuant to the 2018 Sysco Corporation Omnibus Incentive Plan.
• The receipt of these shares has been deferred under the 2009 Board of Directors Stock Deferral Plan.
• Following this transaction, Mr. Glasscock directly beneficially owns 101,596.313 shares of Sysco common stock.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates ongoing director engagement and alignment of interests with shareholders through equity compensation, which is a standard and generally well-regarded practice.

Positives

• The grant of restricted stock aligns the director's financial interests with those of the shareholders, incentivizing long-term performance.
• The transaction is part of an established compensation framework (2018 Sysco Corporation Omnibus Incentive Plan and 2009 Board of Directors Stock Deferral Plan), indicating structured corporate governance.

Future Outlook

The 2,797 restricted stock shares granted to Director Larry C. Glasscock are scheduled to vest on November 14, 2026, contingent on continued service and any other applicable plan terms.

Industry Context

This transaction represents a routine equity compensation event for a director in a large publicly traded company within the food distribution industry. Such grants are standard practice to align executive and director interests with long-term shareholder value creation.

Comparison to Industry Standards

• Equity grants to directors are a common practice across major U.S. corporations, including those in the food service and distribution sector, such as US Foods Holding Corp. (USFD) and Performance Food Group Company (PFGC).
• The use of restricted stock, often with a vesting period, is a standard mechanism to incentivize long-term commitment and performance, similar to compensation structures seen at comparable companies.

Corporate Governance

Related Party Transactions

• The acquisition of 2,797 shares of common stock by Director Larry C. Glasscock is a related party transaction, as it involves compensation provided by the company to an insider.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director helps align the director's long-term interests with those of the shareholders, potentially fostering decisions that enhance shareholder value.
• Employees: While not directly impacting employees, such compensation practices are part of the broader corporate governance and incentive structure that can influence overall company performance and culture.

Next Steps

• The granted restricted stock will vest on November 14, 2026, subject to the terms of the 2018 Sysco Corporation Omnibus Incentive Plan.

Key Dates

Recommendation

This Form 4 filing details a routine restricted stock grant to a director as part of an existing compensation plan. It does not present new material information that would fundamentally alter the company's valuation, operational outlook, or competitive position. Therefore, it does not warrant a change in investment recommendation, and a 'hold' stance remains appropriate based solely on this filing.

Keywords

Sysco Corporation, SYY, Restricted Stock, Insider Transaction, Director Compensation, Equity Grant, Form 4, Executive Compensation