Form 4: TD SYNNEX CFO Witt Reports Stock Transactions

TD SYNNEX Chief Financial Officer Marshall Witt reported the acquisition and disposal of company stock, including shares from the Employee Stock Purchase Plan and vesting of restricted stock units.

Summary

• Chief Financial Officer of TD SYNNEX, Marshall Witt, reported several transactions involving the company's common stock.
• On December 31, 2024, Witt acquired 109 shares at $96.89 per share through the company's Employee Stock Purchase Plan (ESPP).
• On January 7, 2025, Witt acquired 1,897 shares upon the vesting of restricted stock units awarded on January 4, 2022.
• Also on January 7, 2025, 525 shares were disposed of at $123.23 per share to cover tax obligations related to the vesting of the restricted stock units.
• Following these transactions, Witt beneficially owns 49,843 shares of TD SYNNEX common stock.

Sentiment

Score: 7

Explanation: The document reflects standard insider trading activity, which is neither particularly positive nor negative. The transactions are routine and expected.

Positives

• The acquisition of shares through the ESPP demonstrates the CFO's participation in the company's employee programs.
• The vesting of restricted stock units indicates that performance metrics were met over the three-year period.

Negatives

• The disposal of 525 shares to cover tax obligations is a standard practice but represents a reduction in the CFO's holdings.

Risks

• Fluctuations in the stock price could impact the value of the CFO's holdings.
• Changes in company performance could affect future vesting of restricted stock units.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of key personnel.

Comparison to Industry Standards

• The use of ESPPs and restricted stock units is a common practice among publicly traded companies to incentivize and retain key employees.
• The vesting period of three years for restricted stock units is also a typical timeframe.
• The tax-related disposal of shares is a standard procedure when restricted stock units vest.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine insider activity.
• The vesting of restricted stock units may have a positive impact on employee morale.

Key Dates

Keywords

TD SYNNEX, stock, CFO, Marshall Witt, ESPP, restricted stock units, insider trading, share acquisition, share disposal