secwatch.observer — SEC 8-K summary
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Issuer:     SYSCO CORP (SYY)
CIK:        0000096021
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0000096021-25-000013
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Sysco awards EVP Thomas Peck $1.5M in PSUs tied to technology transformation project
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96021/000009602125000013/0000096021-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96021/000009602125000013/syy-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000096021-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer