Form 4: TD SYNNEX CORP Director Dennis Polk Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Dennis Polk of TD SYNNEX CORP sold shares of common stock on March 4, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 4, 2025, Dennis Polk, a director and Hyve Solutions Executive at TD SYNNEX CORP, sold shares of the company's common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on October 13, 2024.
- A total of 2,900 shares were sold in three separate transactions at weighted average prices of $132.41, $133.51 and $134.06.
- Following the reported transactions, Polk directly owns 39,579 shares and indirectly owns 99,387 shares through a family trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to insider trading. The sentiment is neutral as it simply reports transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 10/13/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 03/04/2025 | Date of stock sale transactions |
| 03/05/2025 | Date of signature on the Form 4 filing |
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