Form 4: TD SYNNEX Chief Accounting Officer Reports Stock Transactions

TD SYNNEX's Chief Accounting Officer, John Paul Henry, reported the acquisition and disposal of company stock, including shares from the Employee Stock Purchase Plan and vesting of restricted stock units.

Summary

• John Paul Henry, Chief Accounting Officer of TD SYNNEX, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On December 31, 2024, he acquired 107 shares of common stock at $96.89 per share through the company's Employee Stock Purchase Plan (ESPP).
• These ESPP shares were purchased at 85% of the closing price on July 1, 2024.
• On January 7, 2025, he acquired 528 shares due to the vesting of restricted stock units awarded on March 31, 2022.
• Also on January 7, 2025, 157 shares were disposed of to cover tax obligations related to the vesting of the restricted stock units at a price of $123.23.
• Following these transactions, Mr. Henry beneficially owns 20,373 shares of TD SYNNEX common stock.

Sentiment

Score: 7

Explanation: The document reflects routine transactions by a company officer, indicating normal business operations and employee compensation practices. There are no significant positive or negative implications.

Positives

• The acquisition of shares through the ESPP indicates the officer's participation in company programs.
• The vesting of restricted stock units suggests the achievement of performance metrics over a three-year period.

Negatives

• The disposal of 157 shares to cover tax obligations indicates a reduction in the officer's holdings, although this is a common practice.

Risks

• There are no specific risks mentioned in this document, as it primarily details stock transactions.

Industry Context

This filing is a routine disclosure of stock transactions by a company officer, which is common in publicly traded companies. It does not indicate any specific industry trends or competitive actions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the Securities and Exchange Commission (SEC).
• The transactions reported are typical for executives who participate in employee stock purchase plans and receive restricted stock units as part of their compensation.
• The vesting of restricted stock units after a three-year performance period is a common practice in the industry to align executive compensation with long-term company performance.
• The tax-related disposal of shares is also a standard practice to cover tax liabilities arising from the vesting of stock awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine stock activity by a company officer.
• The employee stock purchase plan and restricted stock unit vesting are positive for employees as they provide compensation and ownership opportunities.

Key Dates

Keywords

stock, shares, employee stock purchase plan, restricted stock units, beneficial ownership, insider trading, form 4, TD SYNNEX, SNX