Form 4: Sysco EVP Bertrand Granted Equity Awards
Insider Equity Grant Report
Sysco's Executive Vice President, Greg D. Bertrand, received grants of restricted stock units and stock options as part of his compensation.
Summary
- Executive Vice President Greg D. Bertrand was granted 13,235 restricted stock units (RSUs) by Sysco Corp on August 21, 2025, under the 2018 Omnibus Incentive Plan.
- These RSUs are scheduled to vest in three equal annual installments on August 21, 2026, August 21, 2027, and August 21, 2028.
- On August 22, 2025, 2,016 shares of common stock were disposed of at a price of $80.98 per share to satisfy tax withholding obligations related to the vesting of previously granted restricted stock units.
- Bertrand also received a grant of 35,215 stock options on August 21, 2025, with an exercise price of $80.98.
- These stock options will vest and become exercisable in three equal annual installments on August 21, 2026, August 21, 2027, and August 21, 2028, and will expire on August 20, 2035.
- Following these transactions, Bertrand directly beneficially owns 70,961.43 shares of common stock and 35,215 derivative securities (stock options).
Sentiment
Score: 7
Explanation: The filing reports routine equity compensation grants to an executive, which is a positive for executive retention and alignment with shareholder interests, but does not indicate any extraordinary operational or financial developments.
Positives
- The grant of 13,235 restricted stock units and 35,215 stock options aligns executive compensation with long-term shareholder interests, incentivizing performance.
- Equity awards were granted under the established 2018 Omnibus Incentive Plan, indicating a structured and approved compensation framework.
Negatives
- The disposition of 2,016 shares for tax withholding purposes, while a standard practice upon RSU vesting, results in a slight reduction in the executive's direct share ownership.
Future Outlook
Restricted stock units and stock options are scheduled to vest in three equal annual installments starting August 21, 2026, and continuing through August 21, 2028. The stock options will expire on August 20, 2035.
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Executive Compensation Structure | Equity awards (restricted stock units and stock options) were granted by the Compensation and Leadership Development Committee of the Company's Board of Directors under the 2018 Omnibus Incentive Plan. | 08/21/2025 | Reinforces the company's established executive compensation framework, linking executive performance to long-term company value. |
Stakeholder Impact
- Shareholders: The executive's interests are further aligned with long-term company performance through these equity awards.
- Employees (Executive): Greg D. Bertrand receives significant equity compensation, incentivizing his continued contribution to the company.
Next Steps
- Vesting of restricted stock units on August 21, 2026, August 21, 2027, and August 21, 2028.
- Exercisability of stock options on August 21, 2026, August 21, 2027, and August 21, 2028.
Key Dates
| Date | Description |
|---|---|
| 08/21/2025 | Date of grant for 13,235 restricted stock units and 35,215 stock options to Greg D. Bertrand. |
| 08/22/2025 | Date of disposition of 2,016 shares for tax withholding obligations. |
| 08/21/2026 | First vesting date for restricted stock units and first exercisability date for stock options. |
| 08/21/2027 | Second vesting date for restricted stock units and second exercisability date for stock options. |
| 08/21/2028 | Third vesting date for restricted stock units and third exercisability date for stock options. |
| 08/20/2035 | Expiration date for the granted stock options. |
| 08/25/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis Form 4 filing details routine equity compensation grants to an executive, which is a standard practice for aligning management incentives with shareholder value. It does not contain information that would significantly alter the investment thesis for Sysco Corp, thus a 'hold' recommendation remains appropriate based solely on this filing.
Keywords
Sysco, SYY, Executive Compensation, Restricted Stock Units, Stock Options, Insider Transaction, Equity Grant, Form 4
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