Form 4: TD SYNNEX CEO Patrick Zammit Reports Acquisition and Disposal of Shares
SEC Form 4 Filing
CEO Patrick Zammit reports acquiring shares through restricted stock units and disposing of shares, resulting in a net ownership of 169,093 shares.
Summary
- Patrick Zammit, CEO of TD SYNNEX CORP, filed a Form 4 detailing changes in beneficial ownership.
- On October 15, 2024, Zammit acquired 29,762 shares of common stock through the vesting of restricted stock units.
- The acquisition price was $0, indicating the shares were received as part of a stock incentive plan.
- Zammit also disposed of an unspecified number of shares.
- Following these transactions, Zammit's total beneficial ownership is 169,093 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The acquisition of shares by the CEO is mildly positive, but overall, it's a standard disclosure.
Positives
- The acquisition of shares by the CEO could be interpreted positively, indicating confidence in the company's future performance.
Future Outlook
The restricted stock units vest over three years, suggesting a long-term incentive for the CEO.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. This filing indicates the CEO's ongoing participation in the company's equity incentive plans.
Stakeholder Impact
- Shareholders may view the CEO's stock acquisition as a positive sign of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of transaction: Acquisition of 29,762 shares and disposal of shares. |
| 10/15/2024 | First vesting date for 1/3 of the restricted stock units. |
| 10/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.