Sysco approves fiscal 2025 AIP and LTIP awards for named executive officers

SYSCO CORP

Compensation Committee approved AIP targets for fiscal 2025 for NEOs including CEO Kevin P. Hourican and CFO Kenny K. Cheung.
AIP payout 70% on financial measures (50% operating income, 20% sales revenue) and 30% on strategic objectives; max payout 200% of target.
LTIP awards consist of 50% PSUs (EPS, ROIC, revenue metrics with TSR modifier), 30% RSUs, and 20% stock options.
PSUs can range from 0% to 200% of target; three-year performance period; dividend equivalents accrue.
Stock options have 10-year term, vest in three equal annual installments; RSUs also vest in three equal annual installments.

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