SYSCO (NYSE: SYY) director takes 119-share equity grant instead of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paul Alison Kenney reported acquisition or exercise transactions in this Form 4 filing.
SYSCO CORP director Alison Kenney received 119 shares of common stock as a grant in lieu of cash fees. The shares were valued at $69.30 each and are part of non-employee director annual retainer compensation under the Sysco Corporation 2018 Omnibus Incentive Plan. Following this award, Kenney directly holds 12,791 SYSCO common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Paul Alison Kenney
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 119 | $69.30 | $8K |
Holdings After Transaction:
Common Stock — 12,791 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 119 shares
Grant price: $69.30 per share
Shares held after grant: 12,791 shares
3 metrics
Shares granted
119 shares
Grant/award acquisition in lieu of cash retainer
Grant price
$69.30 per share
Value used for equity compensation grant
Shares held after grant
12,791 shares
Total SYSCO common stock directly held by Kenney after transaction
Key Terms
non-employee director annual cash retainer fees, 2018 Omnibus Incentive Plan, grant, award, or other acquisition
3 terms
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"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What did SYSCO (SYY) director Alison Kenney report on this Form 4?
Alison Kenney reported receiving 119 SYSCO common shares as a compensation-related grant. The shares were issued instead of a portion of her non-employee director annual cash retainer under the company’s 2018 Omnibus Incentive Plan.
Was the SYSCO (SYY) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant or award acquisition, not a market trade. Kenney received 119 shares as director compensation, elected in lieu of cash fees, rather than buying or selling shares in the open market.
What is the role of the Sysco Corporation 2018 Omnibus Incentive Plan in this Form 4?
The 2018 Omnibus Incentive Plan governs the equity award reported here. Kenney elected to receive shares instead of a portion of her non-employee director annual cash retainer, and those shares were issued pursuant to this compensation plan.