Form 4: TD SYNNEX CFO Marshall Witt Acquires Shares Through Employee Stock Purchase Plan

TD SYNNEX Chief Financial Officer Marshall Witt acquired 214 shares of common stock at $99.008 per share through the company's Employee Stock Purchase Plan.

Summary

• Marshall Witt, Chief Financial Officer of TD SYNNEX CORP, acquired 214 shares of the company's common stock.
• The acquisition occurred on June 30, 2025, at a price of $99.008 per share.
• These shares were acquired voluntarily through the 2024 Employee Stock Purchase Plan (ESPP) for the purchase period of January 1, 2025, through June 30, 2025.
• The purchase price reflects 85% of the closing price of TD SYNNEX common stock on January 2, 2025.
• Following this transaction, Marshall Witt beneficially owns 49,777 shares of TD SYNNEX common stock.
• The transaction is exempt under SEC Rules 16b-3(d) and 16b-3(c).

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive through an ESPP is a positive signal, indicating confidence in the company. While not a major strategic announcement, it reflects internal belief in the company's value.

Positives

• Acquisition of shares by a key executive (CFO) indicates confidence in the company's future.
• Participation in the Employee Stock Purchase Plan (ESPP) aligns executive interests with shareholder interests.
• The purchase was made at a discounted price (85% of the January 2, 2025 closing price), indicating a benefit to the employee.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance; it reports a past transaction.

Management Comments

• The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2024 Employee Stock Purchase Plan ("ESPP") that were exempt under both Rule 16b-3(d) and Rule 16b-3(c) for the ESPP purchase period of January 1, 2025 through June 30, 2025.
• In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on January 2, 2025.

Industry Context

Insider purchases, especially by CFOs, are generally viewed positively as they signal management's belief in the company's valuation and future prospects. Employee stock purchase plans are common mechanisms for aligning employee and shareholder interests across various industries.

Comparison to Industry Standards

• Employee Stock Purchase Plans (ESPPs) are a standard practice in many publicly traded companies, particularly in the technology and distribution sectors where TD SYNNEX operates, to incentivize employee ownership and align interests.
• The discount offered (15% off the closing price) is a common feature of ESPPs, often ranging from 5% to 15%, making this plan competitive with industry norms.
• Insider buying, especially by a CFO, is generally seen as a positive signal, consistent with similar actions by executives in well-performing companies.

Corporate Governance

Related Party Transactions

• Acquisition of 214 shares of common stock by Chief Financial Officer Marshall Witt through the company's 2024 Employee Stock Purchase Plan (ESPP).

Stakeholder Impact

• Shareholders: The acquisition by a CFO can be seen as a positive signal of management's confidence in the company's future performance and stock value.
• Employees: The existence of an ESPP benefits participating employees by allowing them to acquire company stock at a discount, fostering a sense of ownership and aligning their financial interests with the company's success.

Next Steps

• Marshall Witt will continue to hold the acquired shares as part of his beneficial ownership in TD SYNNEX.
• Future Form 4 filings will be made as required for any subsequent changes in beneficial ownership.

Key Dates

Recommendation

Keywords

TD SYNNEX, SNX, Marshall Witt, Chief Financial Officer, CFO, Insider Trading, SEC Form 4, Employee Stock Purchase Plan, ESPP, Stock Acquisition, Beneficial Ownership