Form 4: TD SYNNEX Director Claude Pumilia Receives Stock Award
Statement of Changes in Beneficial Ownership
Director Claude Pumilia was granted 1,022 shares of restricted stock as part of the company's 2020 Stock Incentive Plan.
Summary
- Director Claude J. Pumilia acquired 1,022 shares of TD SYNNEX common stock on April 15, 2026.
- The shares were granted as restricted stock under the company's 2020 Stock Incentive Plan.
- The grant price was $0, reflecting a standard equity compensation award.
- Following this transaction, the director's total beneficial ownership increased to 5,547 shares.
- The restricted stock is subject to a vesting schedule of 25% per fiscal quarter over four quarters.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized incentive structure under the existing 2020 Stock Incentive Plan.
Negatives
- None identified; this is a routine equity compensation disclosure.
Risks
- None identified; this is a routine equity compensation disclosure.
Future Outlook
The restricted stock will vest in four equal quarterly installments, aligning the director's tenure with the company's performance over the coming year.
Management Comments
- No specific management commentary provided beyond the standard regulatory disclosure.
Industry Context
StockSavvy.ai notes that equity grants to board members are standard corporate governance practice in the IT distribution and solutions industry to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The use of a 2020 Stock Incentive Plan is consistent with standard equity compensation practices among large-cap technology service providers.
- Quarterly vesting schedules for directors are common practice to ensure retention and ongoing commitment.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Claude Pumilia authorized company representatives to file SEC documents on his behalf. | 06/18/2025 | Administrative efficiency for regulatory compliance. |
Stakeholder Impact
- Minimal impact; reflects standard director compensation.
Next Steps
- Vesting of the 1,022 restricted shares over the next four fiscal quarters.
Key Dates
| Date | Description |
|---|---|
| 06/18/2025 | Date of Power of Attorney execution. |
| 04/15/2026 | Date of the restricted stock grant transaction. |
| 04/16/2026 | Date of filing for the Form 4. |
Keywords
TD SYNNEX, SNX, Form 4, Insider Trading, Equity Compensation, Director Ownership
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