Form 4: TD SYNNEX CORP Director Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Merline Saintil, a director of TD SYNNEX CORP, sold 117 shares of common stock at a price of $132.96 on March 4, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 4, 2025, Merline Saintil, a director of TD SYNNEX CORP [SNX], sold 117 shares of common stock.
- The transaction was executed at a price of $132.96 per share.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on May 1, 2024.
- Following the transaction, Saintil directly owns 5,631 shares of TD SYNNEX CORP.
- The transaction was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Future Outlook
The filing does not contain any forward-looking statements.
Industry Context
Sales by company directors are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of insider trading.
Stakeholder Impact
- The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal given the small number of shares sold and the use of a 10b5-1 trading plan.
Key Dates
| Date | Description |
|---|---|
| 2024-05-01 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 2025-03-04 | Date of the transaction (stock sale) |
| 2025-03-05 | Date of signature on the Form 4 filing |
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