Form 4: TD SYNNEX CEO Reports Stock Award and Tax Withholding

TD SYNNEX CEO Patrick Zammit reported the acquisition of 22,957 restricted shares and the disposition of 4,048 shares for tax purposes.

Summary

• Patrick Zammit, Chief Executive Officer and Director of TD SYNNEX CORP (SNX), reported changes in his beneficial ownership of common stock.
• On October 15, 2025, I acquired 22,957 shares of common stock as a restricted stock award under the 2020 Stock Incentive Plan.
• These restricted shares were acquired at a price of $0 and will vest as to one-third of the shares on each of the first three anniversaries of the grant date.
• Concurrently, on October 15, 2025, I disposed of 4,048 shares of common stock at a price of $156.81 per share. This disposition was for tax withholding purposes related to the stock award.
• Following these transactions, my direct beneficial ownership of common stock increased to 182,292 shares.

Sentiment

Score: 6

Explanation: Slightly positive. While there was a disposition of shares, it was for tax purposes, and the net effect is a significant increase in the CEO's beneficial ownership through a restricted stock award, aligning his interests with long-term shareholder value.

Positives

• I received a significant award of 22,957 restricted shares, indicating continued alignment of management's interests with shareholders.
• The net effect of the transactions is an increase in my beneficial ownership of common stock by 18,909 shares (22,957 acquired 4,048 disposed).

Negatives

• 4,048 shares were disposed of, reducing my direct holdings, although this was for tax withholding purposes and not a discretionary sale.

Future Outlook

The restricted stock award will vest in three equal annual installments, with the first vesting on October 15, 2026, aligning management incentives with long-term company performance.

Industry Context

This is a routine insider transaction related to executive compensation, common across publicly traded companies, and does not reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Increased insider ownership by the CEO can be viewed positively, signaling confidence and aligning management's long-term interests with shareholder value.
• Employees: The stock incentive plan provides a framework for executive compensation, potentially influencing broader compensation strategies.

Next Steps

• Vesting of 1/3 of the restricted stock on October 15, 2026.
• Vesting of 1/3 of the restricted stock on October 15, 2027.
• Vesting of the final 1/3 of the restricted stock on October 15, 2028.

Key Dates

Recommendation

This Form 4 reports a routine executive compensation event involving a restricted stock award and associated tax withholding. While the net increase in CEO ownership is a positive signal of alignment, it is not a material event that would typically warrant a change in investment recommendation for TD SYNNEX stock. The filing provides no new information regarding the company's operational performance, financial health, or strategic direction that would alter a fundamental investment thesis.

Keywords

TD SYNNEX, SNX, Patrick Zammit, CEO, Insider Transaction, Form 4, Restricted Stock Award, Stock Incentive Plan, Equity Compensation, Tax Withholding