Form 4: TD SYNNEX CFO Marshall Witt Reports Tax-Related Stock Disposition

TD SYNNEX Chief Financial Officer Marshall Witt reported the disposition of 280 shares of common stock on October 11, 2023, to cover tax withholding obligations related to a restricted stock award, with the filing noted as late due to an administrative error.

Summary

• Marshall Witt, Chief Financial Officer of TD SYNNEX CORP (SNX), filed a Form 4 reporting a change in beneficial ownership.
• On October 11, 2023, Mr. Witt disposed of 280 shares of TD SYNNEX common stock.
• The disposition was coded as 'F', indicating shares withheld to cover tax withholding obligations in connection with the vesting of a restricted stock award.
• The price per share for the disposed shares was $96.12.
• Following this transaction, Marshall Witt beneficially owns 49,563 shares of TD SYNNEX common stock.
• The filing noted that this transaction was reported late due to an administrative error.

Sentiment

Score: 5

Explanation: The transaction itself is a routine tax-related disposition of shares following restricted stock vesting, which is a neutral event. The late filing due to an administrative error is a minor administrative negative, but does not significantly impact overall sentiment.

Negatives

• The transaction was reported late due to an administrative error.

Risks

• Potential minor reputational risk due to administrative error leading to a late SEC filing.

Future Outlook

NA

Management Comments

• "This transaction is being reported late due to an administrative error."
• "Shares withheld to cover tax withholding obligations in connection with vesting of restricted stock award on October 11, 2023."

Industry Context

This Form 4 filing is specific to an insider transaction at TD SYNNEX and does not provide information relevant to broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Notifies shareholders of a routine insider stock disposition for tax purposes. The late filing might raise minor administrative awareness but is unlikely to impact investment decisions significantly.

Key Dates

Keywords

TD SYNNEX, SNX, Marshall Witt, Chief Financial Officer, CFO, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Award, Beneficial Ownership