Form 4: TD SYNNEX Chief Legal Officer Gifts 2,000 Shares
Insider Transaction Report
TD SYNNEX Chief Legal Officer David R. Vetter gifted 2,000 shares of common stock to a charitable organization, reducing his direct beneficial ownership to 65,853 shares.
Summary
- David R. Vetter, Chief Legal Officer of TD SYNNEX Corp (SNX), disposed of 2,000 shares of common stock.
- The transaction occurred on July 29, 2025, and was a charitable gift (transaction code 'G') with a price of $0 per share.
- Following this transaction, Mr. Vetter's direct beneficial ownership stands at 65,853 shares of common stock.
- A Power of Attorney, dated June 18, 2025, was granted by Mr. Vetter to Wayne Hanewicz, Cheryl Grant, and Maribeth Bautista to execute and file SEC Forms 3, 4, and 5 on his behalf.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (a charitable gift) which is neither inherently positive nor negative for the company's operational or financial performance. It reflects a personal decision by an executive.
Positives
- The charitable gift may enhance the company's public image through association with philanthropic activities by its executives.
Negatives
- A reduction in insider holdings, even through a gift, could be perceived by some investors as a slight negative, though it is a common practice for executives.
Risks
- No specific risks related to the company's operations or financial health are mentioned in this Form 4 filing. The filing primarily reports an insider transaction.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction. It is a report of a past insider transaction.
Industry Context
This filing reports an individual insider transaction and does not provide information relevant to broader industry trends or competitive landscape. Insider transactions are common across all industries.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | David R. Vetter, Chief Legal Officer, granted a Power of Attorney to Wayne Hanewicz, Cheryl Grant, and Maribeth Bautista to execute and file SEC Forms 3, 4, and 5 on his behalf. This streamlines the process for insider transaction reporting. | 06/18/2025 | This is a standard corporate governance practice for executives to ensure timely and compliant SEC filings, indicating good internal controls for regulatory reporting. |
Stakeholder Impact
- Shareholders: The reduction in shares held by an executive is minor relative to total outstanding shares and is unlikely to have a material impact on shareholder value.
- Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 06/18/2025 | Date of execution of Power of Attorney by David Vetter. |
| 07/29/2025 | Date of the reported transaction (charitable gift of common stock). |
| 07/30/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThis Form 4 filing reports a routine insider transaction (a charitable gift) by a Chief Legal Officer. It does not provide any new information regarding the company's financial performance, strategic direction, or operational health that would warrant a change in investment recommendation. Investors should continue to hold based on broader company fundamentals and market conditions, as this specific filing offers no new catalysts for a buy or sell decision.
Keywords
TD SYNNEX, SNX, Insider Transaction, Form 4, David R. Vetter, Chief Legal Officer, Share Gift, Charitable Donation, Executive Compensation, Beneficial Ownership
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