Sysco (NYSE: SYY) director takes 59-share stock grant in lieu of cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SYSCO CORP director Daniel J. Brutto received 59 shares of common stock as a grant in lieu of part of his non‑employee director annual cash retainer. The award was valued at $83.40 per share under the company’s 2018 Omnibus Incentive Plan.
After this grant, Brutto directly holds 38,704.735 Sysco shares. This total includes 56.823 shares acquired earlier through automatic reinvestment of cash dividends that were inadvertently left out of a prior Form 4 and are now correctly reflected.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brutto Daniel J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 59 | $83.40 | $5K |
Holdings After Transaction:
Common Stock — 38,704.735 shares (Direct, null)
Footnotes (1)
- Represents shares elected to be received in lieu of a portion of non-employee director annual cash retainer fees pursuant to the Sysco Corporation 2018 Omnibus Incentive Plan. Includes an aggregate of 56.823 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
Director share grant: 59 shares
Grant reference price: $83.40 per share
Holdings after transaction: 38,704.735 shares
+1 more
4 metrics
Director share grant
59 shares
Common stock grant in lieu of cash retainer
Grant reference price
$83.40 per share
Value used for the equity award
Holdings after transaction
38,704.735 shares
Direct Sysco holdings after the grant
Dividend reinvestment shares
56.823 shares
Previously omitted DRIP shares now included
Key Terms
non-employee director annual cash retainer fees, 2018 Omnibus Incentive Plan, automatic reinvestment of cash dividends, Form 4
4 terms
non-employee director annual cash retainer fees financial
"Represents shares elected to be received in lieu of a portion of non-employee director annual cash retainer fees"
2018 Omnibus Incentive Plan financial
"pursuant to the Sysco Corporation 2018 Omnibus Incentive Plan"
automatic reinvestment of cash dividends financial
"acquired pursuant to the automatic reinvestment of cash dividends in shares of Company common stock"
Form 4 regulatory
"inadvertently omitted from the reporting person's prior Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Sysco (SYY) director Daniel J. Brutto report on this Form 4?
Daniel J. Brutto reported receiving 59 Sysco common shares as a grant in lieu of part of his director cash retainer. The filing also updates his total holdings to include previously omitted dividend reinvestment shares.
What are Daniel J. Brutto’s total Sysco (SYY) holdings after this Form 4?
Following the award, Brutto directly holds 38,704.735 Sysco shares. This total incorporates both the 59‑share grant and 56.823 additional shares from prior dividend reinvestments that had been omitted from earlier reporting.
What does the dividend reinvestment footnote mean in this Sysco (SYY) Form 4?
The footnote explains that 56.823 shares were acquired earlier through automatic reinvestment of cash dividends. These shares were unintentionally excluded from a prior Form 4, and the current filing now correctly updates Brutto’s reported holdings.