other
confidence high
sentiment neutral
materiality 0.40
Sysco awards EVP Thomas Peck $1.5M in PSUs tied to technology transformation project
SYSCO CORP
- One-time PSU award valued at $1.5M for EVP and CIO Thomas R. Peck, Jr.
- Award tied to successful completion of a three-year technology transformation initiative.
- Performance metrics determine final payout: 0% if any metric missed, 100% if all satisfied.
- Special vesting provisions: forfeiture on most voluntary/involuntary exits; pro-rata for death/disability; full vesting only on termination without cause post-change-in-control.