Form 4: Sysco EVP and CTO Thomas Peck Jr. Reports Performance Share Vesting and Tax Withholding

Sysco's Executive Vice President and Chief Technology Officer, Thomas R. Peck Jr., reported the vesting of performance share units and subsequent share disposition for tax obligations.

Summary

• Thomas R. Peck Jr., EVP and CTO of Sysco Corp (SYY), acquired 7,364.985 shares of common stock on July 31, 2025, at a price of $80.11 per share.
• The acquired shares resulted from the vesting of performance share units granted in August 2022 under the 2018 Omnibus Incentive Plan.
• The number of shares received was determined by Sysco's performance against pre-established financial metrics for the fiscal 2023 to fiscal 2025 period.
• Concurrently, 1,794 shares were disposed of on July 31, 2025, at $80.11 per share to cover tax withholding obligations related to the vesting.
• Following these transactions, Thomas R. Peck Jr. beneficially owns 58,188.882 shares of Sysco common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. The vesting of performance shares indicates that the company met its performance targets, which is a positive signal. The disposition for tax purposes is a neutral, administrative event.

Positives

• Vesting of performance share units indicates that Sysco met pre-established financial performance metrics for the fiscal 2023-2025 period, reflecting positive company performance.

Negatives

• No specific negative aspects are detailed in this filing, as the disposition of shares was solely for tax withholding purposes related to a vesting event.

Future Outlook

The filing does not provide forward-looking statements or guidance; it reports a past grant's vesting based on historical performance metrics (fiscal 2023-2025).

Management Comments

• Shares received upon the vesting of performance share units granted by the Compensation and Leadership Development Committee of the Company's Board of Directors pursuant to the 2018 Omnibus Incentive Plan.
• The number of shares of common stock received upon the vesting of these performance share units was determined based upon the Company's performance with regard to pre-established financial performance metrics for the performance period from fiscal 2023 to fiscal 2025.

Industry Context

This insider transaction reflects standard executive compensation practices within the food distribution industry, where performance-based equity awards are common to align executive incentives with company performance.

Comparison to Industry Standards

• N/A This Form 4 filing details an individual insider transaction and does not provide company-wide financial results or operational data for direct comparison to industry benchmarks or competitors like US Foods or Performance Food Group.

Corporate Governance

Stakeholder Impact

• Shareholders: The vesting of performance shares suggests the company achieved its internal financial targets, which could be viewed positively. The increase in insider ownership (net of tax withholding) may signal confidence.
• Employees: The compensation structure for executives, including performance share units, reflects the company's approach to incentivizing leadership.

Key Dates

Keywords

Sysco, SYY, Insider Transaction, Form 4, Performance Share Units, Executive Compensation, Stock Vesting, Thomas R. Peck Jr., Chief Technology Officer