GLASSCOCK LARRY C 4
Research Summary
AI-generated summary
Sysco (SYY) Director Larry C. Glasscock Receives 313-Share Award
What Happened
Larry C. Glasscock, a director of Sysco Corporation (SYY), received 313 shares of Sysco common stock on 2026-06-30 as an award/acquisition. The shares were valued at $83.40 each, for a total value of $26,104. This was not an open-market purchase or sale but shares issued in lieu of director cash retainer fees.
Key Details
- Transaction date: 2026-06-30; Transaction type: Award/Acquisition (code A)
- Shares received: 313 at $83.40 per share; total value $26,104
- Footnote F1: These shares were issued in lieu of a portion of non-employee director cash retainer under the 2018 Omnibus Plan, including 164 shares in lieu of the base retainer, and the receipt has been deferred under the 2009 Board of Directors Stock Deferral Plan.
- Footnote F2: The filing also corrects prior reporting to include an aggregate 1,526.559 shares acquired via automatic dividend reinvestment that had been omitted from a prior Form 4. This filing updates the reporting person's holdings.
- Shares owned after transaction: not specified in the provided extract.
- Filing timeliness: No late filing flag indicated in the excerpt.
Context
This is a compensation-related award to a non-employee director (common for director pay programs) and should be viewed as routine compensation rather than a market-driven purchase or sale. The corrected inclusion of dividend-reinvested shares simply updates the director's reported holdings and does not by itself indicate a change in trading sentiment.