Form 4: TD SYNNEX CFO Marshall Witt Executes Stock Option and Sells Shares
SEC Form 4 Filing
Chief Financial Officer of TD SYNNEX, Marshall Witt, exercised stock options and sold shares of common stock on December 18, 2024, according to a recent SEC filing.
Summary
- On December 18, 2024, Marshall Witt, the CFO of TD SYNNEX CORP, exercised stock options to acquire 1,510 shares of common stock at a price of $45.64 per share.
- Simultaneously, Witt sold 1,510 shares of TD SYNNEX common stock at a price of $121.13 per share.
- Following these transactions, Witt directly owns 48,362 shares of TD SYNNEX common stock.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 8, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction under a pre-existing trading plan.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell shares, often under pre-arranged trading plans to avoid accusations of insider trading. The market will likely interpret this as a standard transaction unless the volume is unusually high or low compared to historical patterns.
Key Dates
| Date | Description |
|---|---|
| May 8, 2024 | Date of adoption of Rule 10b5-1 trading plan |
| December 18, 2024 | Date of stock option exercise and share sale |
| December 19, 2024 | Date of filing |
| October 6, 2025 | Expiration date of stock options |
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