Form 4: TD SYNNEX CEO Richard Hume Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
TD SYNNEX CEO Richard Hume sold a portion of his company shares on May 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Richard T. Hume, CEO of TD SYNNEX CORP, sold shares of common stock on May 1, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 3, 2023.
- A total of 632 shares were sold at a weighted average price of $114.93.
- An additional 5,753 shares were sold at a weighted average price of $115.58.
- Finally, 3,615 shares were sold at a weighted average price of $116.28.
- Following these transactions, Hume directly owns 219,363 shares of TD SYNNEX CORP common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive. It is neutral in tone and doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2023-11-03 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-05-01 | Date of stock sale transactions |
| 2024-05-02 | Date of Form 4 filing |
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