Brutto Daniel J 4
Research Summary
AI-generated summary
Sysco (SYY) Director Daniel J. Brutto Receives 72-Share Award
What Happened
- Daniel J. Brutto, a non-employee director of Sysco Corporation (SYY), received an award of 72 shares on 2026-03-31. The shares were valued at $69.30 each, for a total value of approximately $4,990. This transaction is coded as an award/grant (A), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-03-31 at $69.30 per share.
- Shares received: 72 shares; total value ≈ $4,990.
- Shares owned after transaction: Not reported in this Form 4.
- Filing date / timeliness: Filed 2026-04-01 (appears timely; Form 4 due within two business days of the transaction).
- Footnote: The shares were elected to be received in lieu of a portion of non-employee director annual cash retainer fees under the Sysco Corporation 2018 Omnibus Incentive Plan.
Context
- This was a routine director compensation election (receiving stock instead of cash) rather than a purchase or sale; such awards are common and generally reflect standard pay practices rather than a trading signal. The transaction code "A" denotes an award/grant.