Form 4: TD SYNNEX Chief Business Officer Reports Routine Stock Transaction with Administrative Filing Delay

TD SYNNEX Chief Business Officer Simon Leung reported a routine disposition of 237 shares of common stock valued at $96.12 per share to cover tax obligations related to a restricted stock award vesting, with the filing noted as late due to an administrative error.

Summary

• Simon Leung, Chief Business Officer of TD SYNNEX Corp (SNX), reported a transaction on October 11, 2023.
• The transaction involved the disposition of 237 shares of Common Stock at a price of $96.12 per share.
• These shares were withheld to cover tax withholding obligations in connection with the vesting of a restricted stock award.
• Following this transaction, Simon Leung beneficially owns 23,794 shares of Common Stock directly.
• The filing of this transaction was reported late due to an administrative error.

Sentiment

Score: 5

Explanation: The transaction itself is routine and expected (neutral). The late filing due to an administrative error is a minor negative, balancing the overall sentiment to neutral.

Negatives

• The transaction filing was reported late due to an administrative error, indicating a lapse in timely compliance.

Risks

• The late filing of the Form 4 due to an administrative error could indicate minor internal compliance weaknesses, potentially leading to regulatory scrutiny or penalties if such errors become frequent or significant.

Future Outlook

The document does not contain any forward-looking statements or guidance.

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 a routine disclosure of an insider stock transaction, common across all publicly traded companies. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, small-scale tax-related transaction by an executive. The late filing is a minor compliance note.

Key Dates

Keywords

TD SYNNEX, SNX, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Tax Withholding, Simon Leung, Officer Transaction, Compliance