Sysco grants SVP 15,103 restricted stock units
SYSCO’s senior vice president received time-vested restricted stock unit awards as long-term equity compensation.
Rhea-AI Filing Summary
SYSCO CORP (symbol: SYY) is the issuer of record for a Form 4 filing submitted to the SEC. Higgs Stephen Dale reported acquisition or exercise transactions in this Form 4 filing.
SYSCO CORP (SYY) reported that Senior Vice President Stephen Dale Higgs received two equity compensation grants on September 1, 2026. He was awarded 9,062 and 6,041 restricted stock units representing SYSCO common stock under the 2018 Omnibus Incentive Plan, with one-third of each grant scheduled to vest on September 1, 2027, 2028 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 15,103 shares
Grant/Award
2 txns
Insider
Higgs Stephen Dale
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 9,062 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 6,041 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 23,885.18 shares (Direct)
Footnotes (2)
- F1. Restricted stock units granted by the Compensation and Leadership Development Committee of the Company's Board of Directors pursuant to the 2018 Omnibus Incentive Plan.
- F2. One-third of the restricted stock units shall vest in equal installments on 09/01/2027, 09/01/2028 and 09/01/2029, respectively.
Key Figures
Restricted stock units granted (first award): 9,062 units
Restricted stock units granted (second award): 6,041 units
Total restricted stock units granted: 15,103 units
+2 more
5 metrics
Restricted stock units granted (first award)
9,062 units
Grant of restricted stock units on September 1, 2026
Restricted stock units granted (second award)
6,041 units
Grant of restricted stock units on September 1, 2026
Total restricted stock units granted
15,103 units
Sum of both September 1, 2026 awards
Price per unit
$0.00 per unit
Reported transaction price per share for both awards
Vesting schedule
1/3 on 2027-09-01, 1/3 on 2028-09-01, 1/3 on 2029-09-01
Time-based vesting of restricted stock units
Key Terms
Restricted stock units, 2018 Omnibus Incentive Plan, vest
3 terms
Restricted stock units financial
"Restricted stock units granted by the Compensation and Leadership Development Committee"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2018 Omnibus Incentive Plan financial
"pursuant to the 2018 Omnibus Incentive Plan"
vest financial
"restricted stock units shall vest in equal installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What equity awards did SYSCO (SYY) grant to SVP Stephen Dale Higgs on September 1, 2026?
On September 1, 2026, SVP Stephen Dale Higgs received two grants totaling 15,103 restricted stock units (9,062 and 6,041 units) representing SYSCO common stock as awards under the 2018 Omnibus Incentive Plan.
How do the new restricted stock units for SYSCO’s SVP vest?
The filing states that one-third of the restricted stock units will vest in equal installments on September 1, 2027, September 1, 2028, and September 1, 2029, respectively.
Are the SYSCO (SYY) restricted stock unit grants to the SVP subject to a plan?
Yes. The restricted stock units were granted pursuant to SYSCO’s 2018 Omnibus Incentive Plan, as approved and administered by the Compensation and Leadership Development Committee of the Board of Directors.
Were the SYSCO SVP’s September 1, 2026 transactions under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes do not state that these grants were made pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.