SYY Form 4: Director Elects 61 Shares Under 2018 Omnibus Plan
Rhea-AI Filing Summary
Sysco Corporation director Daniel J. Brutto reported a transaction dated 09/30/2025 electing to receive 61 shares of Common Stock in lieu of a portion of his non-employee director cash retainer for service as Chair of the Sustainability Committee. The reported share price for the acquisition was $81.84. After the transaction the filing lists 35,628.306 shares as beneficially owned following the reported transaction. The shares were issued under the Sysco Corporation 2018 Omnibus Incentive Plan. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Director alignment with shareholders: Director elected equity in lieu of cash, which aligns his compensation with shareholder interests.
- Proper disclosure: Transaction reported under the Sysco 2018 Omnibus Incentive Plan with date, price, and post-transaction beneficial ownership.
Negative
- None.
Insights
TL;DR: Routine director equity election to receive stock instead of cash; consistent with compensation practices, limited governance impact.
The filing documents a common, non-disruptive compensation election by a director to take stock in lieu of cash retainer fees. The transaction was executed under the company's existing equity incentive plan and reflects standard alignment of director interests with shareholders. The size of the issuance (61 shares) and the reported price ($81.84) are small relative to total reported beneficial ownership and do not indicate any change in control, material dilution, or unusual governance actions. This is a compliance filing required by Section 16 and appears routine.
TL;DR: Form 4 properly discloses a non-derivative acquisition under the company equity plan; no red flags in disclosure.
The Form 4 identifies the transaction type as an acquisition of Common Stock and cites the specific plan governing the issuance. The report includes transaction date, price per share, and beneficial ownership after the transaction, and it was signed by an authorized attorney-in-fact. From a disclosure and reporting perspective, the form contains the expected elements for a director's in-lieu equity election and fulfills Section 16 reporting obligations.