---
schema_version: "secwatch.filing_event.v1"
accession: "0000096021-23-000091"
form_type: "8-K"
ticker: "SYY"
cik: "0000096021"
company_name: "SYSCO CORP"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:51:58.589371+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000096021-23-000091
- form_type: 8-K
- ticker: SYY
- cik: 0000096021
- company_name: SYSCO CORP
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96021/000009602123000091/0000096021-23-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96021/000009602123000091/syy-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000096021-23-000091
- JSON: https://secwatch.observer/filing/0000096021-23-000091.json
- Plain text: https://secwatch.observer/filing/0000096021-23-000091.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.