Form 4: TD SYNNEX CEO Sells Shares for Tax Obligations
Insider Transaction Report
TD SYNNEX CEO Patrick Zammit reported the disposition of 1,712 shares of common stock across two transactions in October 2025 to cover tax liabilities.
Summary
- Patrick Zammit, CEO and Director of TD SYNNEX Corp (SNX), reported two transactions involving the disposition of common stock.
- On October 3, 2025, Zammit disposed of 1,103 shares of common stock at a price of $158.66 per share.
- On October 6, 2025, Zammit disposed of an additional 609 shares of common stock at a price of $157.84 per share.
- Both transactions were coded 'F', indicating the shares were disposed of to cover tax liabilities incident to the receipt, exercise, or vesting of a security.
- Following these transactions, Zammit directly beneficially owns 163,383 shares of TD SYNNEX common stock.
- The filing includes a Power of Attorney dated June 24, 2025, authorizing specific individuals to execute and file SEC Forms on Zammit's behalf.
Sentiment
Score: 5
Explanation: The transactions are routine dispositions for tax purposes, indicating a neutral sentiment regarding the company's fundamental performance or the insider's confidence. They do not reflect a discretionary sale or purchase.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Patrick Zammit granted a Power of Attorney to specific individuals (David Vetter, Wayne Hanewicz, Cheryl Grant, Maribeth Bautista) to execute and file SEC Forms 3, 4, and 5 on his behalf, and manage his EDGAR account. | 2025-06-24 | Streamlines compliance with Section 16(a) of the Securities Exchange Act of 1934 for the reporting person, ensuring timely and accurate filings. |
Stakeholder Impact
- Minimal direct impact on shareholders as these are routine tax-related dispositions by an insider, not indicative of a change in company fundamentals or management's long-term view.
- No direct impact on employees, customers, suppliers, or creditors from these specific transactions.
Key Dates
| Date | Description |
|---|---|
| 2025-06-24 | Date of Power of Attorney execution by Patrick Zammit. |
| 2025-10-03 | Disposition of 1,103 shares of common stock by Patrick Zammit for tax liability. |
| 2025-10-06 | Disposition of 609 shares of common stock by Patrick Zammit for tax liability. |
| 2025-10-07 | Date Form 4 was signed by attorney-in-fact. |
Recommendation
holdThe Form 4 filing details routine, non-discretionary dispositions of shares by CEO Patrick Zammit to cover tax obligations. These transactions, coded 'F', are common for executives receiving equity compensation and do not reflect a change in the insider's investment thesis or the company's operational performance. Therefore, the filing itself provides no new fundamental information to warrant a change from a 'hold' recommendation, assuming the investor's existing thesis remains intact.
Keywords
TD SYNNEX, SNX, Patrick Zammit, Insider Trading, Form 4, Stock Disposition, Tax Withholding, CEO, Director, Common Stock
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