Form 4: Sysco Director Paul Alison Kenney to Acquire Shares Through Equity Compensation Plan

Sysco Corporation director Paul Alison Kenney is set to acquire 109 shares of common stock at $75.01 per share on June 30, 2025, as part of an existing equity compensation plan.

Summary

• Paul Alison Kenney, a director of Sysco Corp (SYY), is scheduled to acquire 109 shares of common stock.
• The transaction date for this acquisition is June 30, 2025.
• The shares will be acquired at a price of $75.01 per share.
• This acquisition represents shares elected to be received in lieu of a portion of non-employee director annual cash retainer fees.
• The transaction is being executed pursuant to the Sysco Corporation 2018 Omnibus Incentive Plan.
• Following this planned transaction, Paul Alison Kenney will beneficially own a total of 9,664 shares of Sysco common stock.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing their stake, albeit through a pre-planned equity compensation arrangement rather than an open market purchase, indicating continued alignment with the company's performance.

Positives

• Director Paul Alison Kenney will increase their beneficial ownership in Sysco Corporation, aligning their interests further with shareholders.
• The acquisition is part of an established equity compensation plan, which is a common practice to incentivize and retain non-employee directors.

Future Outlook

The filing does not provide any forward-looking statements or guidance beyond the details of this specific transaction.

Industry Context

This Form 4 filing details a pre-planned individual director's share acquisition, which is a routine insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Director Paul Alison Kenney is acquiring 109 shares of Sysco common stock from the company in lieu of cash compensation, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction increases director ownership, potentially signaling confidence and aligning director interests with shareholder value.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

Sysco Corp, SYY, Form 4, Insider Transaction, Director Share Acquisition, Equity Compensation, Paul Alison Kenney, Common Stock, SEC Filing