Sysco Corporation
Sysco Approves Fiscal 2025 Incentive Compensation Plans
Summary
On July 31, 2024, Sysco Corporation's Compensation and Leadership Development Committee approved the Annual Incentive Plan (AIP) and Long-Term Incentive Plan (LTIP) for fiscal 2025. The AIP targets include financial measures and strategic business objectives, offering a payout range from 0% to 200% based on performance. The LTIP consists of performance share units, stock options, and restricted stock units, with PSUs tied to earnings per share, return on invested capital, and revenue growth over a three-year period. Dividend equivalents for PSUs are paid in shares or cash at the Committee's discretion.
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About Sysco Corporation
Sysco Corporation stands as a leading global distributor of food products, catering to a wide array of customers including restaurants, healthcare and educational institutions, and hospitality sectors. The company's primary function is the distribution of food and related products, which encompasses everything from fresh produce and meat to canned and frozen foods, along with non-food items like kitchen equipment and cleaning supplies. Operating in sectors such as food service, hospitality, and healthcare, Sysco's expansive logistics network ensures the seamless supply chain management needed to support diverse culinary operations across the globe. Founded in 1969 and headquartered in Houston, Texas, Sysco Corporation plays a pivotal role in the food distribution industry by enhancing supplier-client connections through innovative services and solutions. With operations in North America and Europe, Sysco not only facilitates the essential flow of goods required by businesses of all sizes but also supports them in achieving efficiency and quality in their food-related services. Its comprehensive approach to foodservice distribution underscores its significant impact on the global food economy, making Sysco a vital player in the facilitation of dining experiences worldwide.
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