SYY Form 4: Thomas Peck Jr. Receives RSUs and Options; 860 Shares Withheld
Rhea-AI Filing Summary
Thomas R. Peck Jr., EVP and CTO of Sysco Corporation (SYY), reported equity awards and a tax-withholding share disposition. On 08/21/2025 he was granted 10,288 restricted stock units under the 2018 Omnibus Incentive Plan that vest one-third on 08/21/2026, 08/21/2027 and 08/21/2028. The same day he received 27,374 stock options with a $80.98 exercise price, exercisable one-third on those same vesting dates and expiring 08/20/2035. On 08/22/2025 860 shares were withheld to satisfy tax withholding upon RSU vesting. Following these transactions his reported beneficial ownership was 66,922.882 shares (direct).
Positive
- 10,288 restricted stock units granted with one-third vesting on 08/21/2026, 08/21/2027 and 08/21/2028 under the 2018 Omnibus Incentive Plan.
- 27,374 stock options granted at a $80.98 exercise price, exercisable one-third on 08/21/2026, 08/21/2027 and 08/21/2028 and expiring 08/20/2035, providing long-term incentive alignment.
Negative
- None.
Insights
TL;DR Routine, time‑based equity awards were granted to a senior executive to align incentives and retain leadership.
The filings show standard equity compensation mechanics: restricted stock units with three-year staggered vesting and stock options with a 10‑year term and matching vesting schedule. These awards are consistent with retention and long‑term performance alignment. The tax‑withholding disposition is an administrative action tied to RSU vesting. No indicators of atypical governance actions or accelerated grants are present in the filing.
TL;DR Grants combine RSUs and options to balance retention and upside participation at a $80.98 strike price.
The 10,288 RSUs provide direct equity exposure at $0 purchase price with scheduled vesting one-third annually beginning 08/21/2026. The 27,374 options at a $80.98 strike give upside leverage if share price appreciates before 08/20/2035. Withholding of 860 shares to cover taxes is routine. Overall, the structure mirrors typical executive packages offering near‑term retention and long‑term incentive.