Form 4: TD SYNNEX CFO Reports Equity Grant and Tax-Related Sale

TD SYNNEX Chief Financial Officer David Gregory Jordan reported the acquisition of 5,739 restricted shares and the disposition of 380 shares for tax withholding purposes on October 15, 2025.

Summary

• David Gregory Jordan, Chief Financial Officer of TD SYNNEX CORP, executed two transactions on October 15, 2025.
• Acquired 5,739 shares of common stock as a restricted stock award under the company's 2020 Stock Incentive Plan.
• Disposed of 380 shares of common stock at a price of $156.81 per share.
• The disposition of shares was likely for tax withholding obligations related to the restricted stock award.
• Following these transactions, Jordan directly beneficially owns 17,945 shares of common stock.
• The restricted stock award vests as to 1/3 of the shares on each of the first three anniversaries of the grant date.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 7

Explanation: The filing indicates a positive alignment of executive interests with shareholders through a significant equity grant, which is a standard and generally favorable compensation practice. The disposition is for tax purposes, not a voluntary sale, and is a routine part of such grants.

Positives

• Chief Financial Officer David Gregory Jordan received a significant equity grant of 5,739 restricted shares, which aligns his interests with long-term shareholder value.
• The equity grant is part of the company's 2020 Stock Incentive Plan, demonstrating an ongoing commitment to executive incentive compensation.

Negatives

• The disposition of 380 shares, while likely for tax purposes, represents a reduction in the number of shares directly held by the CFO compared to what would have been held without the tax withholding.

Future Outlook

The 5,739 restricted shares granted to the CFO will vest in three equal annual installments, with 1/3 vesting on each of the first three anniversaries of the grant date.

Industry Context

This routine insider transaction reflects standard executive compensation practices within the technology distribution and solutions industry, where equity grants are common to incentivize and retain key management personnel and align their interests with long-term company performance.

Comparison to Industry Standards

• Executive equity grants and tax-related dispositions are standard compensation practices across publicly traded companies, including those in the IT distribution sector.
• The vesting schedule of one-third annually over three years is a common structure for restricted stock units, comparable to practices at peers within the technology and distribution industries.

Stakeholder Impact

• **Shareholders:** The equity grant aligns the Chief Financial Officer's interests with long-term shareholder value creation. There is a minor dilutive effect from the new shares, but this is typical for equity compensation plans.
• **Employees:** Reflects the company's ongoing use of equity incentive plans for key personnel, potentially signaling stability in executive compensation strategies.

Next Steps

• The restricted stock will vest as to 1/3 of the shares on each of the first three anniversaries of the grant date.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving a restricted stock grant and a tax-related share disposition. While the equity grant is a positive for aligning management interests, it does not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change in investment recommendation. It is a standard, expected transaction.

Keywords

TD SYNNEX, SNX, Form 4, Insider Trading, Restricted Stock, Equity Grant, CFO, David Gregory Jordan, Stock Incentive Plan, Executive Compensation, Rule 10b5-1