Company: SYY
Filing Date: 2025-10-02
Form Type: DEF 14A
Source: 0000096021-25-000147
Chunk: 55

Company: SYSCO CORP
Filing Date: 2025-10-02
Form: DEF 14A
Chunk 55
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 amounts are based on the individual’s base salary in effect at the end of each performance period, and pro-rated as applicable. (2) Amounts represent the threshold, target, and maximum payout opportunities pursuant to the fiscal year 2025-2027 PSUs. Amounts do not include accrued dividend equivalents. (3) Amounts represent time-based RSU awards. (4) Amounts represent stock options awards. (5) Reflects the exercise price for the stock options granted, equal to the closing price of our Common Stock on the preceding trading day. (6) We determined the following estimated grant date fair values for the options reported in the table above using a Black-Scholes pricing model: (i) options issued on August 21, 2024 of $19.21 per option. The assumptions underlying these option valuations are listed below:

|                  | Volatility | Risk-Free Rate of Return | Dividend Yield at the Date of Grant | Expected Option Life |
| Fiscal year 2025 | 26.61%     | 1.07%                    | 2.58%                               | 6.6 years            |

We did not assume any option exercises or risk of forfeiture during the expected option life in determining the valuation of the option awards. Had we done so, such assumptions could have reduced the reported grant date value. The actual value, if any, an executive may realize upon exercise of options will depend on the excess of the stock price over the exercise price on the date the option is exercised. Consequently, the value realized, if any, may not be at or near the value estimated by the Black- Scholes model. We determined the estimated grant date fair value of the PSUs granted on (i) August 21, 2024 to be $76.54, per PSU, each being the closing price of our Common Stock on the last business day before the grant date, and assuming the target number of shares would be earned at the end of the three-year performance period. Grants of PSUs are reflected at target since actual shares to be received, if any, will be determined after the three-year performance period ending on July 3, 2027. The estimated grant date fair value of each of the RSUs reported in the table above is equal to the grant date fair value of the corresponding PSUs awarded on the same date and indicated in this footnote (6) above, in each case being the closing price of our Common Stock on the last business day before the grant