Form 4: SYSCO EVP & CTO Receives Equity Awards

Sysco Corporation's EVP and CTO, Thomas R. Peck Jr., was granted restricted stock units and stock options as part of the company's incentive plan.

Summary

• Thomas R. Peck Jr., Executive Vice President and Chief Technology Officer of Sysco Corp (SYY), was granted 10,288 restricted stock units (RSUs) and 27,374 stock options on August 21, 2025.
• The RSUs and stock options will vest in three equal annual installments on August 21, 2026, August 21, 2027, and August 21, 2028.
• The stock options have an exercise price of $80.98 and will expire on August 20, 2035.
• On August 22, 2025, 860 shares were withheld at a price of $80.98 to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Mr. Peck beneficially owns 66,922.882 shares of common stock and 27,374 stock options.

Sentiment

Score: 7

Explanation: The filing reports routine executive compensation grants and tax-related transactions, which are generally viewed as a positive for executive alignment with shareholder interests and retention, without indicating any unusual or negative events.

Positives

• Granting of equity awards to a key executive, the EVP and CTO, aligns management's long-term interests with those of shareholders.
• The awards serve as a retention mechanism for critical leadership within the company.

Negatives

• No explicit negative information is contained in this routine executive compensation report.

Risks

• No specific risks are detailed in this Form 4 filing.

Future Outlook

The granted restricted stock units and stock options are scheduled to vest in three equal annual installments on August 21, 2026, August 21, 2027, and August 21, 2028, with the stock options expiring on August 20, 2035.

Industry Context

The granting of equity awards such as restricted stock units and stock options to executive leadership is a standard practice across publicly traded companies, particularly in the food service distribution industry, to incentivize performance, ensure executive retention, and align management's financial interests with long-term shareholder value creation.

Comparison to Industry Standards

• This Form 4 reports routine executive compensation grants, which are common across large-cap companies like Sysco.
• While specific comparisons to peer companies such as US Foods Holding Corp. (USFD) or Performance Food Group Company (PFGC) would require detailed compensation plan analysis, the use of RSUs and stock options with multi-year vesting schedules is a widely accepted industry standard for executive incentive programs.

Stakeholder Impact

• Shareholders: The equity grants align the interests of a key executive with long-term shareholder value. There is potential for minor future dilution upon the vesting and exercise of these awards.
• Employees: No direct impact on the broader employee base is indicated.

Next Steps

• Vesting of the first tranche of restricted stock units and stock options on August 21, 2026.
• Vesting of the second tranche of restricted stock units and stock options on August 21, 2027.
• Vesting of the third tranche of restricted stock units and stock options on August 21, 2028.
• Potential exercise of stock options by the reporting person between August 21, 2026, and August 20, 2035.

Key Dates

Keywords

Sysco Corp, SYY, Thomas R. Peck Jr., Executive Compensation, Restricted Stock Units, Stock Options, Insider Transaction, Corporate Governance, Equity Awards