Sysco (NYSE: SYY) director takes 72 shares instead of cash retainer fee
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brutto Daniel J reported acquisition or exercise transactions in this Form 4 filing.
SYSCO CORP director Daniel J. Brutto received 72 shares of common stock as a stock-based fee. The shares were granted at $69.30 per share and were elected in lieu of a portion of his non-employee director annual cash retainer under the Sysco Corporation 2018 Omnibus Incentive Plan. After this grant, he directly holds a total of 38,588.912 SYSCO common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brutto Daniel J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 72 | $69.30 | $5K |
Holdings After Transaction:
Common Stock — 38,588.912 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Stock grant size: 72 shares
Grant value per share: $69.30 per share
Total shares after grant: 38,588.912 shares
3 metrics
Stock grant size
72 shares
Common stock awarded as director retainer on March 31, 2026
Grant value per share
$69.30 per share
Reported price for the 72-share stock award
Total shares after grant
38,588.912 shares
Daniel J. Brutto direct SYSCO holdings following the transaction
Key Terms
grant/award acquisition, non-employee director annual cash retainer fees, 2018 Omnibus Incentive Plan
3 terms
grant/award acquisition financial
"transaction_action: "grant/award acquisition" describing the Form 4 code A"
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"
FAQ
What insider transaction did SYSCO (SYY) director Daniel J. Brutto report?
Daniel J. Brutto reported receiving 72 shares of SYSCO common stock as a stock-based grant. The award was taken instead of part of his cash retainer, reflecting routine director compensation rather than an open-market share purchase or sale.
Was the SYSCO (SYY) Form 4 transaction an open-market buy or sell?
No, the Form 4 shows a grant classified as an acquisition, not a market trade. The 72 shares were received in lieu of a portion of Brutto’s non-employee director annual cash retainer, under an established company incentive plan.
What plan governed Daniel J. Brutto’s stock grant at SYSCO (SYY)?
The 72-share award was made under the Sysco Corporation 2018 Omnibus Incentive Plan. According to the footnote, Brutto elected to receive shares instead of part of his annual cash retainer for non-employee directors as compensation.