Form 4: TD SYNNEX CFO Marshall Witt Executes Stock Option and Sells Shares

TD SYNNEX CFO Marshall Witt exercised stock options and sold shares of common stock on August 7, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 7, 2024, Marshall Witt, the Chief Financial Officer of TD SYNNEX CORP, executed a stock option to acquire 1,510 shares of common stock at a price of $45.64.
• Witt then sold a total of 11,441 shares of common stock in multiple transactions at weighted average prices of $109.43, $110.75, and $111.11.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 8, 2024.
• Following these transactions, Witt directly owns 45,115 shares of TD SYNNEX CORP common stock and holds options for 6,039 shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity under a pre-existing plan. No indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider transactions. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates concerns about insider information being used.

Key Dates