Form 4: TD SYNNEX CEO Sells 13,900 Shares Under 10b5-1 Plan

TD SYNNEX CEO Patrick Zammit reported the sale of 13,900 shares of common stock for approximately $2.39 million, executed under a Rule 10b5-1 plan.

Summary

• Patrick Zammit, Chief Executive Officer and Director of TD SYNNEX CORP (SNX), sold 13,900 shares of the company's common stock.
• The transaction took place on February 6, 2026.
• The shares were sold at a weighted average price of $171.57 per share, with individual sales prices ranging from $171.57 to $171.70.
• The total value of the shares sold amounts to approximately $2,387,873.
• Following this transaction, Mr. Zammit directly beneficially owns 170,928 shares of TD SYNNEX common stock.
• The sale was conducted pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event, leaning slightly positive due to the explicit mention of a Rule 10b5-1 plan, which indicates a pre-planned sale rather than an opportunistic one, thereby mitigating potential negative interpretations of insider selling.

Positives

• The sale was executed under a Rule 10b5-1(c) plan, which signifies that the transaction was pre-scheduled and not based on immediate, non-public information, thereby enhancing transparency and mitigating concerns about opportunistic insider selling.

Negatives

• Insider selling, even when pre-planned, can sometimes be perceived negatively by investors as it reduces the direct equity stake of a key executive in the company.
• The transaction represents a significant value of approximately $2.39 million.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider sales, particularly by high-ranking executives like a CEO, are closely watched by the market for signals about a company's prospects. However, the disclosure that this transaction was made pursuant to a Rule 10b5-1(c) plan is crucial, as it indicates the sale was pre-arranged and not based on immediate, non-public information. This is a common practice for executives managing personal finances and diversification, and it generally mitigates the negative implications often associated with insider selling.

Stakeholder Impact

• Shareholders: May observe a reduction in the CEO's direct ownership, but the execution under a 10b5-1 plan provides transparency and context, suggesting the sale is for personal financial management rather than a reflection of company performance.

Key Dates

Recommendation

While a CEO selling shares might typically raise concerns, the disclosure that this transaction was executed under a Rule 10b5-1 plan suggests a pre-arranged sale for personal financial management rather than a signal of declining company prospects. Therefore, this single transaction does not warrant a change in investment recommendation, maintaining a 'hold' stance.

Keywords

TD SYNNEX, SNX, Patrick Zammit, CEO, Director, Form 4, insider sale, stock transaction, 10b5-1 plan, beneficial ownership