Form 4: TD SYNNEX CFO Marshall Witt Executes Stock Option, Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
TD SYNNEX CFO Marshall Witt exercised stock options and sold shares of common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 9, 2024, Marshall Witt, the Chief Financial Officer of TD SYNNEX CORP, exercised a stock option to acquire 1,510 shares of common stock at a price of $45.64 per share.
- Witt then sold a total of 5,653 shares of common stock in multiple transactions at weighted average prices ranging from $120.84 to $122.25.
- These sales were executed under a Rule 10b5-1 trading plan adopted on May 8, 2024.
- Following these transactions, Witt directly owns 38,279 shares of TD SYNNEX CORP common stock.
- Witt also owns 4,529 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for executives to use 10b5-1 plans to sell shares over time 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.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 10/09/2024 | Date of stock option exercise and stock sales |
| 10/06/2025 | Expiration date of stock options |
| 10/10/2024 | Date of Form 4 filing |
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