Sysco management check
SYY · Consumer Staples · Food Distributors · CEO Kevin P. Hourican
Filings as of
5 good · 1 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $123, against $198 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.85 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.0% of net income$17.9m of reported pay in fiscal 2026, against $1.8bn of net income.
- Good
Do they own the stock?
Insiders are buying1 insider bought $1.0m on the open market in the last six months, with their own money, near the lows. Sales: $1.3m.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -2.9% a year over the last three fiscal years. Stock-based pay was 0.1% of revenue in the latest year.
- Good
Is leadership stable?
9 leadership filings in 3 yearsCEO in the pay table: Kevin P. Hourican. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Staples.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 3 | 31 | |
| Pay for performance | 93 | 84 | |
| CEO cost | 49 | 40 | |
| Skin in the game | 80 | 65 | |
| Dilution | 86 | 60 | |
| Stable leadership | 80 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Nearest in rank in Consumer Staples, by management score. Sysco is 11th of 33 in its sector.
- 180SYYSysco70
- 185STZConstellation Brands70
- 193MNSTMonster Beverage69
- 216SJMJ.M. Smucker Company (The)67
- 239CHDChurch & Dwight65
- 255BGBunge Global64
Pay versus performance
From the proxy statement filed October 1, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Kevin P. Hourican | $17.9m | $23.1m | $3.7m | $123 | $198 | $1.8bn |
| 2025 | Kevin P. Hourican | $16.2m | $13.0m | $4.8m | $108 | $180 | $1.8bn |
| 2024 | Kevin P. Hourican | $15.6m | $14.2m | $4.2m | $100 | $148 | $2.0bn |
| 2023 | Kevin P. Hourican | $14.3m | $8.6m | $3.3m | $101 | $114 | $1.8bn |
| 2022 | Kevin P. Hourican | $13.7m | $24.7m | $4.8m | $115 | $105 | $1.4bn |
The board says pay is tied most to Operating Income. Its other key measures: Cost Per Piece, EPS Growth, Local Case Growth, Relative TSR, Return on Invested Capital (ROIC), Revenue Growth.
Insiders and the CEO's stake
Kevin Hourican (Chair and CEO) held 552,923.393 shares directly after their latest Form 4 on Sep 1, 2026.
1 insider bought $1.0m on the open market in the last six months, with their own money, near the lows. Sales: $1.3m.
- BoughtJohn M HinshawDirector$1.0mMay 26, 2026
- SoldRonald L PhillipsEVP and CHRO · 10b5-1 plan$1.3mSep 14, 2026
Leadership and governance on file
- Sep 4, 2026Leadership change8-K 5.02
- Aug 20, 2026Leadership change8-K 5.02
- Apr 2, 2026Leadership change8-K 5.02
- Mar 5, 2026Leadership change8-K 5.02
- Nov 21, 2025Leadership change8-K 5.02
- Mar 3, 2025Leadership change8-K 5.02
- Aug 16, 2024Leadership change8-K 5.02
- Aug 5, 2024Leadership change8-K 5.02
- Apr 30, 2024Leadership change8-K 5.02
- Oct 17, 2023Leadership change8-K 5.02
- Oct 10, 2023Leadership change8-K/A 5.02
- Sep 22, 2023Leadership change8-K 5.02
Latest shareholder vote results: Nov 17, 2025, including the say-on-pay vote.
Where the money went
Over 2021–2025: $7.4bn returned to owners in buybacks and dividends, 102% of net income, and $524.8m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $51.3bn | $68.6bn | $76.3bn | $81.4bn | $84.6bn |
| Net income | $524.2m | $1.4bn | $1.8bn | $1.8bn | $1.8bn |
| Stock-based pay | $95.8m | $122.0m | $96.0m | $93.0m | $118.0m |
| Buybacks | $0 | $500.0m | $500.0m | $1.3bn | $200.0m |
| Dividends | $917.6m | $959.0m | $996.0m | $1.0bn | $1.0bn |
| Diluted shares | 514m | 514m | 510m | 490m | 481m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.