[Form 4] Sysco Corporation Insider Trading Activity

Rhea-AI Filing Summary

This Form 4 reports a routine equity award to Matthew H. Peltz, a Director and 10% owner of The Wendy’s Company (WEN). On 1 July 2025, Peltz acquired 2,334 shares of common stock at an average price of $11.62 per share. The shares were issued under the company’s 2020 Omnibus Award Plan in lieu of quarterly cash board and committee retainer fees, classifying the transaction code as "A" (award/acquisition).

Following the grant, Peltz’s reported ownership is:

• 132,132 shares held directly
• 14,943,466 shares held indirectly through various Trian Partners funds
• 132,397 shares held indirectly via the Peltz 2009 Family Trust

The 2,334-share increase is immaterial relative to the nearly 15.2 million shares already under Peltz’s control and was not an open-market purchase. No derivative securities were reported, and no sales occurred. As such, the filing provides minimal incremental insight into insider sentiment or the company’s fundamentals.

Positive

• Director/10% owner Matthew H. Peltz accepted equity instead of cash fees, marginally increasing alignment with shareholders

Negative

• None.

Insights

Financial Analyst

TL;DR: Small equity retainer grant; de minimis change to a 10% owner’s position—neutral impact.

The reported acquisition represents only 0.015% of Peltz’s aggregate Wendy’s holdings and originates from board compensation, not discretionary buying. Because no shares were sold, the filing does not signal negative sentiment, but given its tiny size relative to existing exposure, it likewise fails to provide a bullish indicator. For investors, the disclosure is routine and non-material.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brutto Daniel J

(Last) (First) (Middle)

1390 ENCLAVE PARKWAY

(Street)

HOUSTON TX 77077

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SYSCO CORP [ SYY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2025		A		66(1)	A	$75.01	35,541.298	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares elected to be received in lieu of a portion of non-employee director annual cash retainer fees pursuant to the Sysco Corporation 2018 Omnibus Incentive Plan.

Remarks:

	/s/Boyd Chapin, Attorney-in-Fact	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction is disclosed in Wendy’s (WEN) Form 4 dated 07/01/2025?

Director Matthew H. Peltz acquired 2,334 common shares at $11.62 each under the 2020 Omnibus Award Plan.

How many Wendy’s shares does Matthew H. Peltz now own directly?

He reports 132,132 shares held directly after the transaction.

How many Wendy’s shares does Peltz control through Trian Partners?

The filing lists 14,943,466 shares held indirectly by various Trian Partners funds.

Was the acquisition an open-market purchase?

No. The shares were issued in lieu of quarterly board retainer fees, not bought on the open market.

Were any derivative securities or sales reported?

No derivative securities or sales were disclosed in this Form 4.