Form 4: TD SYNNEX CFO Sells Shares for Tax Obligations

TD SYNNEX Chief Financial Officer David Gregory Jordan disposed of 669 shares of common stock across two transactions in early October 2025 to cover tax liabilities.

Summary

• David Gregory Jordan, Chief Financial Officer of TD SYNNEX CORP (SNX), reported two dispositions of common stock.
• On October 3, 2025, 431 shares were disposed of at a price of $158.66 per share.
• On October 6, 2025, an additional 238 shares were disposed of at a price of $157.84 per share.
• Both transactions were coded 'F', indicating a disposition to cover tax liability or for other non-discretionary purposes.
• Following these transactions, Mr. Jordan directly beneficially owns 12,586 shares of TD SYNNEX common stock.
• The filing indicates these transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the reported transactions are routine, non-discretionary sales for tax purposes, not indicative of a change in management's outlook or a strategic move.

Positives

• The transactions are non-discretionary dispositions for tax withholding, which is a routine event for executives receiving equity compensation.
• The Chief Financial Officer continues to hold a significant number of shares (12,586), maintaining alignment with shareholder interests.

Negatives

• The transactions result in a reduction of the Chief Financial Officer's direct beneficial ownership by a total of 669 shares.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction is a routine event common across all industries for executives who receive equity compensation, particularly when restricted stock units (RSUs) vest and shares are sold to cover tax obligations. It does not reflect specific industry trends or competitive positioning.

Comparison to Industry Standards

• Dispositions of shares to cover tax liabilities upon the vesting of equity awards are standard practice for executives across publicly traded companies, including those in the IT distribution and solutions industry where TD SYNNEX operates.
• The use of a Rule 10b5-1 plan for such transactions is also a common corporate governance practice, providing an affirmative defense against insider trading allegations by pre-scheduling trades.

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine tax-related dispositions and do not signal a change in company fundamentals or management's confidence.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 filing details routine, non-discretionary sales of shares by the Chief Financial Officer to cover tax obligations related to equity compensation. Such transactions are common and pre-scheduled under Rule 10b5-1 plans, and therefore do not reflect a change in the executive's sentiment about the company's future prospects or any new material information. As such, this filing alone does not provide a basis to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

TD SYNNEX, SNX, Insider Trading, Form 4, CFO, Stock Disposition, Tax Withholding, Equity Compensation, Rule 10b5-1