SYSCO (SYY) director Larry Glasscock granted 313 deferred shares as retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SYSCO CORP director Larry C. Glasscock received 313 shares of common stock as a grant in lieu of part of his non-employee director cash retainer at $83.40 per share. The receipt of these shares has been deferred under the 2009 Board of Directors Stock Deferral Plan. After this award and prior dividend reinvestments, he directly holds 104,166.872 shares, including 1,526.559 shares acquired through automatic reinvestment of cash dividends that had not been previously reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GLASSCOCK LARRY C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 313 | $83.40 | $26K |
Holdings After Transaction:
Common Stock — 104,166.872 shares (Direct, null)
Footnotes (1)
- Represents shares to be received in lieu of a portion of non-employee director annual cash retainer fees pursuant to the Sysco Corporation 2018 Omnibus Plan, including 164 shares to be received in lieu of the base retainer. The receipt of these shares has been deferred pursuant to the 2009 Board of Directors Stock Deferral Plan. Includes an aggregate of 1,526.559 shares acquired pursuant to the automatic reinvestment of cash dividends in shares of Company common stock that were inadvertently omitted from the reporting person's prior Form 4. This filing correctly reflects the reporting person's holdings.
Key Figures
Shares granted: 313 shares
Grant price: $83.40 per share
Post-transaction holdings: 104,166.872 shares
+2 more
5 metrics
Shares granted
313 shares
Common Stock grant in lieu of director cash retainer
Grant price
$83.40 per share
Value used for the 313-share director award
Post-transaction holdings
104,166.872 shares
Common Stock directly held after the award
Dividend reinvestment shares
1,526.559 shares
Shares from automatic reinvestment of cash dividends now included in holdings
Base retainer portion
164 shares
Part of the 313-share grant received in lieu of base retainer
Key Terms
Sysco Corporation 2018 Omnibus Plan, 2009 Board of Directors Stock Deferral Plan, automatic reinvestment of cash dividends, non-employee director annual cash retainer fees
4 terms
Sysco Corporation 2018 Omnibus Plan financial
"pursuant to the Sysco Corporation 2018 Omnibus Plan, including 164 shares"
2009 Board of Directors Stock Deferral Plan financial
"The receipt of these shares has been deferred pursuant to the 2009 Board of Directors Stock Deferral Plan."
automatic reinvestment of cash dividends financial
"shares acquired pursuant to the automatic reinvestment of cash dividends in shares of Company common stock"
non-employee director annual cash retainer fees financial
"in lieu of a portion of non-employee director annual cash retainer fees"
FAQ
What did SYSCO (SYY) director Larry C. Glasscock report on this Form 4?
Larry C. Glasscock reported receiving 313 shares of SYSCO common stock as a grant tied to non-employee director cash retainer fees. The award is compensation-related, not an open-market purchase, and increases his directly held SYSCO share position.
What part of Larry Glasscock’s SYSCO director fees is paid in stock instead of cash?
The filing states that 313 shares represent stock received in lieu of a portion of non-employee director annual cash retainer fees, including 164 shares in lieu of the base retainer, under the Sysco Corporation 2018 Omnibus Plan for director compensation.