Form 4: TD SYNNEX Director Hau L. Lee Reports Acquisition of Restricted Stock

Director Hau L. Lee reports the acquisition of 1,564 shares of restricted stock in TD SYNNEX CORP.

Summary

• On April 3, 2024, Hau L. Lee, a director of TD SYNNEX CORP, acquired 1,564 shares of common stock.
• These shares were awarded as restricted stock under the company's 2020 Stock Incentive Plan.
• The restricted stock vests in equal installments over the four fiscal quarters following the grant date.
• Following the transaction, Lee beneficially owns 30,690 shares of TD SYNNEX CORP.
• A substitute power of attorney was executed on March 19, 2024, appointing David Vetter, Cheryl Grant, and/or Maribeth Bautista as substitute attorneys-in-fact for Section 16 reporting persons, including Hau L. Lee.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock compensation. The acquisition of shares by a director is generally viewed as a positive, but it's not a major event.

Positives

• The acquisition of restricted stock by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of restricted stock, which is a common form of executive compensation.

Comparison to Industry Standards

• Restricted stock awards are a common compensation practice among publicly traded companies, particularly in the technology sector where TD SYNNEX operates.
• Companies like Accenture, IBM, and HP also utilize stock incentive plans to align executive interests with shareholder value.
• The vesting schedule of 25% per fiscal quarter is a fairly standard vesting arrangement for restricted stock awards.

Stakeholder Impact

• The acquisition of restricted stock by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates