SHARE-BASED COMPENSATION

9 Months Ended

Mar. 28, 2026

Share-Based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

Sysco provides compensation benefits to employees under several share-based payment arrangements, including

various long-term employee stock incentive plans and the 2015 Employee Stock Purchase Plan (ESPP).

Stock Incentive Plans

In the first 39 weeks of fiscal 2026, options to purchase 726,016 shares were granted to employees. The fair value of

each option award is estimated as of the date of grant using a Black-Scholes option pricing model. The weighted average grant-

date fair value per option granted during the first 39 weeks of fiscal 2026 was $19.52.

In the first 39 weeks of fiscal 2026, employees were granted 460,258 performance share units (PSUs). Based on the

jurisdiction in which the employee resides, some of these PSUs were granted with forfeitable dividend equivalents. The fair

value of each PSU award granted with a dividend equivalent is based on the company’s stock price as of the date of grant. For

PSUs granted without dividend equivalents, the fair value is reduced by the present value of expected dividends during the

vesting period. The weighted average grant-date fair value per PSU granted during the first 39 weeks of fiscal 2026 was $86.22.

The PSUs will convert into shares of Sysco’s common stock at the end of the three-year performance period based on actual

performance targets achieved, as well as the market-based return of Sysco’s common stock relative to that of each company

within the S&P 500 index.

In the first 39 weeks of fiscal 2026, employees were granted 1,353,984 restricted stock units. The weighted average

grant-date fair value per restricted stock unit granted during the first 39 weeks of fiscal 2026 was $77.46.

Employee Stock Purchase Plan

Plan participants purchased 838,005 shares of common stock under the ESPP during the first 39 weeks of fiscal 2026.

The weighted average fair value per employee stock purchase right issued pursuant to the ESPP was $11.37 during the first 39

weeks of fiscal 2026. The fair value of each stock purchase right is estimated as the difference between the stock price at the

date of issuance and the employee purchase price.

All Share-Based Payment Arrangements

The total share-based compensation cost that has been recognized in results of operations was $95 million and $74

million for the first 39 weeks of fiscal 2026 and fiscal 2025, respectively.

As of March 28, 2026, there was a total of $162 million of unrecognized compensation cost related to share-based

compensation arrangements. This cost is expected to be recognized over a weighted-average period of 1.88 years.