---
schema_version: "secwatch.filing_event.v1"
accession: "0000096021-24-000077"
form_type: "8-K"
ticker: "SYY"
cik: "0000096021"
company_name: "SYSCO CORP"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:20:36.323895+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000096021-24-000077
- form_type: 8-K
- ticker: SYY
- cik: 0000096021
- company_name: SYSCO CORP
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96021/000009602124000077/0000096021-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96021/000009602124000077/syy-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000096021-24-000077
- JSON: https://secwatch.observer/filing/0000096021-24-000077.json
- Plain text: https://secwatch.observer/filing/0000096021-24-000077.txt

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