Company: SYY
Filing Date: 2025-10-02
Form Type: DEF 14A
Source: 0000096021-25-000147
Chunk: 43

Company: SYSCO CORP
Filing Date: 2025-10-02
Form: DEF 14A
Chunk 43
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 the target number of PSUs. Payout under Fiscal Year 2023 PSU Awards The CLD Committee certified the fiscal year 2023 PSU awards for NEOs with each of these PSUs representing an NEO’s right to receive one share of Common Stock at target levels, with the actual number of shares earned dependent on performance outcomes during the three-year performance period (i.e., fiscal year 2023 through fiscal year 2025). The performance measures for the fiscal year 2023 PSU awards included: • Earnings Per Share (50%) : Achievement of targeted incremental growth in Sysco’s earnings per share; and • Market Share Growth (50%) : Achievement of targeted market share growth in U.S. markets, as measured by total U.S. sales.

| Performance Measures   | Weight(%) | Threshold(50% payout) |       | Target(100% payout) |       | Maximum(200% payout) |       | Results |       | Payout  |
| Earnings Per Share(1)  | 50%       |                       | $4.19 |                     | $4.46 |                      | $4.87 |         | $4.26 | 48.69%  |
| Market Share Growth(2) | 50%       |                       | 1.10x |                     | 1.40x |                      | 1.60x |         | 1.45x | 110.00% |

(1) The Earnings Per Share (calculated on an adjusted basis) for each fiscal year in the performance period were averaged to yield an average Earnings Per Share measure for the three year performance period. This represents a non-GAAP measure; see reconciliation in Annex 1 – Non—GAAP Reconciliations. (2) The market share growth percentages for each fiscal year in the performance period were averaged to yield an average market share growth measure for the three year performance period. The total number of shares earned by each NEO was subject to adjustment based on Sysco’s TSR during the performance period relative to the S&P 500 companies. This adjustment was applied to the target number of shares granted, with outcomes ranging from a 25% reduction (for relative TSR below expectations) to a 25% increase (for superior relative TSR).

|                                             | Threshold       | Target                 | Maximum         | Results         |
| Relative TSR Percentile Rank Versus S&P 500 | 25th Percentile | 50th - 55th Percent