Sysco approves FY2024 executive cash and equity incentive plans with ESG metrics

SYSCO CORP

AIP cash bonuses weighted 70% on operating income (40%) and sales revenue (30%), 20% on strategic objectives, 4% diverse candidate pools, 6% carbon reduction.
LTIP equity awards composed of 50% PSUs (tied to EPS, ROIC, revenue), 30% RSUs, 20% stock options; three-year performance period.
PSU payout can range 0%-200% of target, with TSR modifier adjusting total shares by +/-25% versus S&P 500.
NEOs covered include CEO Kevin Hourican, EVP Greg Bertrand, EVP Thomas Peck, EVP Judith Sansone.
Maximum AIP payout 200% of target, subject to individual performance adjustment of up to 15% increase or reduction to zero.

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