Form 4: TD SYNNEX Director Hume Reports Changes in Beneficial Ownership Following Retirement
SEC Form 4 Filing
Richard T. Hume, a director at TD SYNNEX CORP, reports changes in beneficial ownership of common stock following his retirement as President and CEO.
Summary
- Richard T. Hume, a director of TD SYNNEX CORP [SNX], filed a Form 4 on September 5, 2024, reporting changes in his beneficial ownership of the company's common stock.
- The changes occurred on September 3, 2024, following Hume's retirement as President and Chief Executive Officer on September 1, 2024.
- 14,591 shares were acquired upon accelerated vesting of restricted stock units awarded on January 3, 2023.
- 32,874 shares were disposed of to satisfy tax withholding obligations related to the accelerated vesting.
- Following these transactions, Hume directly owns 191,080 shares of TD SYNNEX CORP common stock.
- The filing was signed by Cheryl Grant, attorney-in-fact, on September 5, 2024.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to an executive's retirement and stock transactions. It doesn't contain any particularly positive or negative information.
Positives
- The accelerated vesting of restricted stock units indicates that Hume met certain performance or tenure requirements.
Industry Context
Form 4 filings are standard practice for corporate insiders and provide transparency into their transactions in company stock.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| President and Chief Executive Officer | Richard T. Hume | 2024-09-01 | Retirement |
Stakeholder Impact
- The change in leadership may impact the strategic direction of the company, potentially affecting shareholders, employees, customers, and suppliers.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Date of restricted stock units award |
| 2024-09-01 | Richard T. Hume's retirement date as President and CEO |
| 2024-09-03 | Date of transaction (accelerated vesting and tax withholding) |
| 2024-09-05 | Date of Form 4 filing |
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