SYY Form 4: Director Paul Kenney Receives 100 Shares Under Equity Plan
Rhea-AI Filing Summary
Paul Alison Kenney, a Sysco Corp (SYY) director, acquired 100 shares of common stock on 09/30/2025 at $81.84 per share by electing to receive shares in lieu of a portion of his non-employee director cash retainer under the Sysco Corporation 2018 Omnibus Incentive Plan. After this transaction he beneficially owned 9,764 shares, held directly. The filing was signed by an attorney-in-fact on 09/30/2025 and reports a routine director equity election rather than a market purchase or sale.
Positive
- Director accepted equity compensation, aligning his pay with long-term shareholder interests by electing shares in lieu of cash.
Negative
- None.
Insights
TL;DR: Director elected stock in lieu of cash, modestly increasing direct holdings and aligning pay with shareholder value.
This Form 4 documents a routine compensation election under the company equity plan. The acquisition of 100 shares at $81.84 is modest relative to typical institutional holdings and does not indicate a change in corporate control or a material shift in insider conviction. It is, however, a standard governance signal that the director is taking compensation in equity, which modestly aligns interests with shareholders.
TL;DR: Transaction is immaterial to Sysco's valuation; it is a routine director compensation election.
The Form 4 shows an internal compensation settlement rather than an open-market trade. The reported price of $81.84 reflects the per-share value used for the election and results in a direct beneficial holding of 9,764 shares. This activity is unlikely to affect trading or signaling materially given its small size.