Pay vs Performance Disclosure - USD ($)
Jun. 27, 2026
Jun. 28, 2025
Jun. 29, 2024
Jul. 01, 2023
Jul. 02, 2022
Value of Initial Fixed $100 Investment Based On: | |||||||||
Year | SCT Total for Mr. Hourican ($)(1) | Compensation Actually Paid to Mr. Hourican ($)(2) | Average SCT Total for Non-CEO NEOs ($)(3) | Average Compensation Actually Paid to Non-CEO NEOs ($)(4) | Total Shareholder Return ($)(5) | Peer Group Total Shareholder Return ($)(5) | Net Earnings MM ($)(6) | Operating Income MM ($)(7) | |
2026 | 17,899,369 | 23,131,304 | 3,711,607 | 2,982,284 | 123 | 198 | 1,757 | 3,614 | |
2025 | 16,228,599 | 13,039,770 | 4,760,500 | 4,033,691 | 108 | 180 | 1,828 | 3,523 | |
2024 | 15,598,250 | 14,158,576 | 4,190,684 | 3,949,137 | 100 | 148 | 1,955 | 3,481 | |
2023 | 14,341,020 | 8,556,035 | 3,333,442 | 1,497,738 | 101 | 114 | 1,770 | 3,210 | |
2022 | 13,656,506 | 24,735,090 | 4,768,765 | 5,276,821 | 115 | 105 | 1,359 | 2,638 | |
were as follows:
•2026: Greg D. Bertrand, Kenny K. Cheung, Stephen D. Higgs, Ronald L. Phillips, Brandon E. Sewell, and Jennifer K. Schott;
•2025: Greg D. Bertrand, Kenny K. Cheung, Thomas R. Peck Jr., and Ronald L. Phillips;
•2024: Greg D. Bertrand, Kenny K. Cheung, Thomas R. Peck, Jr., and Ronald L. Phillips;
•2023: Aaron E. Alt, Greg D. Bertrand, Kenny K. Cheung, Thomas R. Peck, Jr., Neil A. Russell, II, and Judith S. Sansone; and
•2022: Aaron E. Alt, Greg D. Bertrand, Tim Ørting Jørgensen, Thomas R. Peck, Jr., and Judith S. Sansone.
this calculation was the S&P 500 Food/Staple Retail Index which is also reported on Form 10-K in the Performance Graph.
compensation that may be realizable in the future, and as such, the values shown do not fully represent the actual final amount of
compensation earned or paid to Mr. Hourican during the applicable years. See “Mr. Hourican (CEO) Compensation” below for additional
information on the adjustments made to Mr. Hourican’s total compensation to determine CAP for each year.
Mr. Hourican (CEO) CompensationTo determine the value of CAP for Mr. Hourican in the PvP table above, the following amounts were deducted from and added to,
as applicable, Mr. Hourican’s total compensation as reported in the SCT, in accordance with Item 402(v) of Regulation S-K.
Year | SCT Total for Mr. Hourican ($) | SCT Reported Equity Award Value for Mr. Hourican ($) | Equity Award Adjustments for Mr. Hourican ($)(1) | Change in the Actuarial Present Value of Pension Benefits for Mr. Hourican ($) | Pension Benefit Adjustments for Mr. Hourican ($) | Compensation Actually Paid to Mr. Hourican ($) |
2026 | 17,899,369 | (12,971,745) | 18,203,680 | — | — | 23,131,304 |
2025 | 16,228,599 | (12,586,890) | 9,398,061 | — | — | 13,039,770 |
2024 | 15,598,250 | (11,830,646) | 10,390,972 | — | — | 14,158,576 |
2023 | 14,341,020 | (11,075,303) | 5,290,318 | — | — | 8,556,035 |
2022 | 13,656,506 | (10,137,657) | 21,216,241 | — | — | 24,735,090 |
(1)Represents the year-over-year change in the fair value of equity awards to Mr. Hourican as summarized below:
Year | Year End Fair Value of Unvested Equity Awards Granted in the Year ($) | Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years ($) | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation ($) | Total Equity Award Adjustments ($) |
2026 | 14,876,886 | 1,007,780 | — | 1,606,348 | — | 712,666 | 18,203,680 |
2025 | 11,655,463 | (2,968,620) | — | 113,589 | — | 597,629 | 9,398,061 |
2024 | 11,177,089 | (810,354) | — | (493,976) | — | 518,213 | 10,390,972 |
2023 | 8,298,461 | (1,803,464) | — | (1,508,143) | — | 303,464 | 5,290,318 |
2022 | 13,067,265 | 4,093,998 | — | 3,450,805 | — | 604,173 | 21,216,241 |
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes, reflecting
updated economic assumptions as of the valuation dates.
outstanding equity compensation that may be realizable in the future, and as such, the values shown do not fully represent the actual final
amount of compensation earned or paid to the NEOs during the applicable years. See “Average Non-CEO NEOs Compensation” below for
additional information on the adjustments made to the Non-CEO NEOs total compensation to determine CAP for each year.
Average Non-CEO NEO CompensationTo determine the value of CAP for the non-CEO NEOs in the PvP table above, the following amounts were deducted from and
added to, as applicable, the average total compensation as reported in the SCT, in accordance with Item 402(v) of Regulation S-K.
Year | Average SCT Total for Non-CEO NEOs ($) | Average SCT Reported Equity Award Value for Non-CEO NEOs ($) | Average Equity Award Adjustments for Non-CEO NEOs ($)(1) | Change in the Actuarial Present Value of Pension Benefits for Non- CEO NEOs ($)(2) | Pension Benefit Adjustments for Non-CEO NEOs ($) | Average Compensation Actually Paid to Non-CEO NEOs ($) |
2026 | 3,711,607 | (2,342,054) | 1,614,293 | (1,562) | — | 2,982,284 |
2025 | 4,760,500 | (3,249,033) | 2,532,146 | (9,922) | — | 4,033,691 |
2024 | 4,190,684 | (2,504,411) | 2,267,277 | (4,413) | — | 3,949,137 |
2023 | 3,333,442 | (2,145,906) | 310,202 | — | — | 1,497,738 |
2022 | 4,768,765 | (2,635,513) | 3,143,569 | — | — | 5,276,821 |
(1)Represents the year-over-year change in the fair value of equity awards to our Non-CEO NEO’s as summarized below.
(2)The change in actuarial present value of pension benefits for Non-CEO NEOs was updated for 2024 to reflect the positive average change
in the present value of pension benefits for a NEO not previously included.
Year | Year End Fair Value of Unvested Equity Awards Granted in the Year ($) | Year over Year Change in Fair Value of Outstanding Unvested Equity Awards Granted in Prior Years ($) | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($) | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | Value of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation ($) | Total Equity Award Adjustments ($) |
2026 | 1,883,886 | 101,030 | — | 142,986 | (588,503) | 74,893 | 1,614,293 |
2025 | 3,040,400 | (625,267) | — | (15,228) | — | 132,241 | 2,532,146 |
2024 | 2,382,551 | (133,187) | — | (96,373) | — | 114,286 | 2,267,277 |
2023 | 1,385,454 | (191,650) | — | (318,402) | (609,532) | 44,332 | 310,202 |
2022 | 2,808,683 | 286,402 | — | 253,935 | (287,778) | 82,327 | 3,143,569 |
In the table above, the equity values are computed in accordance with the methodologies used for financial reporting purposes, reflecting
updated economic assumptions as of the valuation dates.
CUMULATIVE TSR VS. PEER 5-YEAR CUMULATIVE TSR
n | CEO - Hourican | n | Avg. NEOs |  | TSR |  | Peer TSR |
n | CEO - Hourican | n | Avg. NEOs | | Net Earnings |
n | CEO - Hourican | n | Avg. NEOs | | Operating Income |
(1)Operating Income includes non-GAAP adjustments. See reconciliation in Annex I – Non-GAAP Reconciliations.
CUMULATIVE TSR VS. PEER 5-YEAR CUMULATIVE TSR
n | CEO - Hourican | n | Avg. NEOs | | TSR | | Peer TSR |
company performance during the most recently completed fiscal year.
Performance Measures |
Cost Per Piece |
Operating Income |
EPS Growth |
Local Case Growth |
Relative TSR |
Return on Invested Capital (ROIC) |
Revenue Growth |
The following charts describe the relationship of CAP to the performance measures listed in the PvP Table above. Generally, CAP
has a low correlation with the financial measures for the years shown in the charts below. Sysco places significant emphasis on
equity compensation, which is sensitive to stock price changes. Due to the sensitivity of CAP to stock price changes, the timing of
the grants and the changes in stock price thereafter significantly influence the CAP each year, as determined under Item 402(v) of
Regulation S-K.
See reconciliation in Annex I – Non-GAAP Reconciliations.