Form 4: TD SYNNEX CORP Director Herh Ting Reports Stock Award and Disposal

Director Herh Ting reports acquisition of 2,035 shares of restricted stock and disposal of 3,599 shares of Common Stock of TD SYNNEX CORP on April 15, 2025.

Summary

• On April 15, 2025, Herh Ting, a director of TD SYNNEX CORP, reported a transaction involving the company's stock.
• Ting acquired 2,035 shares of common stock at $0, representing restricted stock awarded under the 2020 Stock Incentive Plan.
• The restricted stock vests as to 25% of the shares on the last day of each of the four fiscal quarters following the date of grant.
• Ting also disposed of 3,599 shares of Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The acquisition of restricted stock is a positive sign, but the disposal of shares could raise concerns. Overall, it's a routine transaction.

Positives

• The acquisition of restricted stock indicates a continued alignment of the director's interests with the company's performance.

Negatives

• The disposal of 3,599 shares of Common Stock by the director could be interpreted negatively by some investors.

Risks

• The vesting schedule of the restricted stock could influence the director's decisions regarding their holdings in the short term.
• Market reaction to the director's stock disposal could create short-term price volatility.

Future Outlook

The vesting schedule of the restricted stock will continue over the next four fiscal quarters.

Industry Context

Stock transactions by company directors are routinely monitored by investors as indicators of company health and management's confidence in the company's future prospects. This transaction is a routine disclosure.

Stakeholder Impact

• Shareholders may react to the director's stock disposal, potentially influencing the stock price.

Key Dates

Keywords

TD SYNNEX CORP, Herh Ting, Director, Stock Incentive Plan, Restricted Stock, Stock Disposal, SNX, Form 4