SYY Form 4: EVP Legal Receives RSUs and Options with 3-Year Vesting
Rhea-AI Filing Summary
Jennifer Kaplan Schott, Executive Vice President and Chief Legal Officer of Sysco Corporation (SYY), reported equity awards granted on 08/21/2025. She received 8,180 restricted stock units (RSUs) under the 2018 Omnibus Incentive Plan, recorded at $0 for reporting purposes, bringing her total beneficial ownership to 14,858 common shares after the grant. The RSUs vest in three equal installments on 08/21/2026, 08/21/2027 and 08/21/2028. She also received 21,766 stock options with an exercise price of $80.98, exercisable in thirds on the same annual dates beginning 08/21/2026, and expiring on 08/20/2035. The grants were made by the Compensation and Leadership Development Committee pursuant to the company’s Omnibus Incentive Plan.
Positive
- Retention-focused vesting: RSUs and options vest in equal installments over three years, which supports executive retention.
- Alignment with shareholders: Award mix (RSUs plus options) ties compensation to equity performance, offering both ownership and upside potential.
Negative
- None.
Insights
TL;DR: Routine, governance-aligned executive awards aimed at retention through multi-year vesting.
The grants to the Chief Legal Officer consist of time-based restricted stock units and long-dated stock options, both approved by the Compensation and Leadership Development Committee under the company’s omnibus plan. The three-year cliff/annual installment vesting schedule aligns executive interests with multi-year performance and retention objectives. The disclosure is standard for Section 16 filings and does not indicate any change in control, accelerated vesting, or special terms.
TL;DR: Mix of RSUs and options balances immediate equity ownership with potential upside, typical for senior executives.
The reported 8,180 RSUs provide direct equity exposure upon vesting, while 21,766 options at an $80.98 strike offer upside if share price appreciates before the 2035 expiration. Vesting in equal thirds over three years is a standard retention mechanism; the combination preserves pay-for-performance orientation while ensuring near-term retention through deferred stock delivery.